How India pulled 500 million people out of poverty, as inequality deepens
- Bengaluru, India — India lifted nearly 500 million out of poverty between 2011 and 2023, with extreme poverty dropping from 27.1 percent to 2.6 percent in the world’s most populous nation during the same period, according to a new report by the World Bank.
- The only other parallel in poverty reduction on this scale is China, which lifted more than 800 million people out of extreme poverty — though that was over a period of 40 years.
- Recommended Stories list of 3 itemslist 1 of 3How Ambani’s Jio became India’s second-largest companylist 2 of 3India’s largest dam planned to counter China faces Indi
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- Bengaluru, India — India lifted nearly 500 million out of poverty between 2011 and 2023, with extreme poverty dropping from 27.1 percent to 2.6 percent in the world’s most populous nation during the same period, according to a new report by the World Bank.
- The only other parallel in poverty reduction on this scale is China, which lifted more than 800 million people out of extreme poverty — though that was over a period of 40 years.
- Recommended Stories list of 3 itemslist 1 of 3How Ambani’s Jio became India’s second-largest companylist 2 of 3India’s largest dam planned to counter China faces Indi
Sources: Al Jazeera