India's Extreme Poverty Rate Drops to 2.6% in 2023, World Bank Says

India's extreme poverty rate has declined by 2.6% to 2.6% in 2023, according to the World Bank, with an estimated 49.6 crore people lifted out of poverty. However, wage disparity remains high, with the top 10% earning 13 times more than the bottom 10%. The poverty rate is projected to continue declining, albeit gradually, to 12.1% by 2028.







