India has achieved a remarkable milestone in its fight against poverty. According to the World Bank, the country has lifted approximately 171 million people out of extreme poverty between 2011-12 and 2022-23. The extreme poverty rate fell dramatically from 27.1% to just 5.3%, even after the World Bank raised the global poverty threshold from $2.15 to $3 per person per day.
India-Pakistan poverty gap widens sharply: World Bank data reveals stark contrasts
