The extreme poverty rate in India fell to 5.3% in 2022-23 from 27.1% in 2011-12, latest World Bank data revealed. About 75.24 million people were living in extreme poverty in India during 2022-23, a massive drop from 344.47 million in 2011-12. The World Bank raised its threshold poverty line to $3/day (daily consumption of less than $3) from earlier $2.15/day.