New Delhi, Oct. 31 -- The World Bank has said that over the past decade, India has made remarkable progress in reducing poverty across both monetary and non-monetary dimensions, recording one of the fastest poverty declines in the world. The World Bank's report, titled 'India Poverty and Equity Brief: October 2026' said that between 2011 and 2023 India lifted an estimated 49.6 crore people out of poverty. ($3.00/day) declined from 27.1 percent to 2.6 percent.

"Between 2011 and 2023, the share of the population living below the Lower Middle-Income Country line (USD 4.20/day, 2021 PPP) fell from 57.7 per cent to 16.1 per cent, lifting an estimated 496 million people out of poverty, while extreme poverty (USD 3/day) declined from 27.1 per c...