Extreme poverty in India down 12.3 percentage points: World Bank

Economists Sutirtha Sinha Roy and Roy van der Weide co-authored the paper titled 'Poverty has Declined over the last decade But Not As Much As Previously Thought.' The paper used two approaches to estimate extreme poverty.

Extreme poverty in India down 12.3 percentage points: World Bank
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Extreme poverty in India is estimated to have declined 12.3 percentage points between 2011 and 2019, according to a World Bank Policy Research Working Paper.

As per the study, the rate of extreme poverty declined from 22.5 percent to 10.2 percent in 2019, with rural areas experiencing a significantly greater decline than urban areas. The reduction in rural poverty was more significant, with a drop of 14.7 percentage points compared to a drop of 7.9 percentage points in urban regions.