World Bank’s Poverty and Equity Brief 2025:
The World Bank’s Spring 2025 Poverty and Equity Brief acknowledged India’s success in lifting 171 million people out of extreme poverty between 2011-12 and 2022-23.
- Published twice a year, these briefs track poverty, shared prosperity, and inequality trends in over 100 developing countries.
- India’s Highlights:
- Extreme poverty (living under $2.15/day) declined from 16.2% (2011-12) to 2.3% (2022-23).
- Lower-middle-income poverty (living under $3.65/day) fell from 61.8% to 28.1%, lifting 378 million people.
- Multidimensional poverty declined from 53.8% (2005-06) to 15.5% (2022-23).
- Inequality reduction: Gini index improved from 28.8 to 25.5.
- Employment Growth: Urban unemployment dropped to 6.6%, the lowest since 2017-18.
