World Bank says India cut extreme poverty from 27.1% to 2.6%
In short
The World Bank says India lifted an estimated 496 million people out of poverty from 2011 to 2023. It says extreme poverty fell from 27.1% to 2.6%, helped by more spending, more jobs, especially for women, and more government support.
This matters because it suggests a major drop in hardship over that period. The reporting does not show the full World Bank report or how the numbers were measured in detail.
What the reporting says
The World Bank says India lifted an estimated 496 million people out of poverty between 2011 and 2023, according to the Mint summary. The report says extreme poverty fell from 27.1% to 2.6%, driven by consumption growth, rising employment, especially among women, and expanded social transfers. The immediate consequence is a stronger poverty picture, though the underlying World Bank document is not included here.
Why it matters
The Mint summary reports that the World Bank estimates India lifted 496 million people out of poverty between 2011 and 2023. It also says extreme poverty fell from 27.1% to 2.6%, with consumption growth, rising employment among women and expanded social transfers cited as drivers. The reporting does not include the underlying report text, so the broader methodology and any caveats are not stated.