Extreme poverty in India falls to 2.6%: World Bank

India's extreme poverty rate fell to 2.6% in 2023 from 27.1% in 2011, according to the World Bank. The share of the population living below the $4.20/day poverty line also dropped from 57.7% to 16.1%, lifting around 49.6 crore people out of poverty. However, the wage gap persisted, with top 10% workers earning 13 times more than the bottom 10%.