Last 10 years Poverty rate in India

Understanding the socio-economic landscape of India requires a close look at its poverty rate over the past decade. In this article, we delve into the trends, challenges, and progress made in alleviating poverty. Join us as we analyze the data and discuss the factors influencing poverty levels in one of the world’s most populous nations.

The 2023 Multidimensional Poverty Index Report finds over a third of all poor people in the world live in South Asia – which is around 389 million people. India contributes significantly to this number, accounting for almost 70 percent of the increase in extreme poverty. The World Bank defines poverty using the International Poverty Line, which designates extreme poverty at $2.15 per person per day, while $3.65 falls under the lower-middle income category, and $6.85 is classified as upper-middle income. Considering the poverty line set at $3.65, India’s contribution constitutes 40 percent of the slight upward adjustment in the global poverty rate, moving from 23.6 percent to 24.1 percent.

Last 10 years Poverty rate in India