WORLD BANK REPORT: 129 mn Indians living in extreme poverty in 2024
Business Standard|October 16, 2024
Almost 129 million Indians are living in extreme poverty in 2024, on less than $2.15 (about ₹181) a day, down from 431 million in 1990, the World Bank said in report on Tuesday.
SHIVA RAJORA
WORLD BANK REPORT: 129 mn Indians living in extreme poverty in 2024

However, with a higher poverty standard of $6.85 (about ₹576) per day - the poverty threshold for middle-income countries - more Indians are living below the poverty line in 2024 than in 1990, primarily driven by 'population growth'.

Earlier, the World Bank had said that extreme poverty in India had declined by 38 million in 2021 to 167.49 million after growing in the preceding two years.

This story is from the October 16, 2024 edition of Business Standard.

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This story is from the October 16, 2024 edition of Business Standard.

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