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World Bank Report on Extreme Poverty in India
April 20 , 2022
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- According to a working paper of the World Bank, extreme poverty in India has dropped from 22.5 percent in 2011 to 10.2 percent in the pre-Covid year of 2019.
- Also, the pace of poverty reduction in rural India has been more than in urban areas of the country.
- In the urban and rural areas, the poverty levels declined by 7.9 percent and 14.7 percent respectively during the period 2011 to 2019.
- In 2019, the poverty level stood at 11.6 percent in rural areas and 6.3 percent in urban areas.
- In 2016, the year of demonetization, urban poverty rose by 2 percentage points while rural poverty rose by 10 basis points in 2019.
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