EconomyHow India lifted nearly 500 million people out of poverty as inequality widened
The World Bank says India’s extreme poverty rate fell from 27.1 percent in 2011 to 2.6 percent in 2023, while nearly 500 million people moved out of poverty. It attributes the progress mainly to stronger consumption, rising employment—especially among women—and expanded social transfers. Income and wealth inequality has nevertheless widened significantly.
AAl Jazeera★★★☆☆2026-11-03 11:30Original
How India lifted nearly 500 million people out of poverty as inequality widened
Economy