India’s Progress in Reducing Extreme Poverty: A Significant Milestone

Latest Data and Insights on India's Fight Against Extreme Poverty

In 2024, nearly 3.44 crore people in India are living in extreme poverty, which means they don’t have enough money for basic needs. This number has decreased from 4.69 crore in 2022. India has succeeded in reducing extreme poverty to less than 3% of its population, which is a big achievement towards a global goal set by the United Nations to end poverty by 2030.

According to recent data, extreme poverty has almost disappeared in India, with less than 3% of the population living in such conditions. This news has been confirmed by various sources, including the World Poverty Clock and Indian government officials.

The World Poverty Clock keeps track of poverty worldwide and measures progress in reducing extreme poverty, which is the first goal set by the UN. It shows that the number of people living in extreme poverty in India has decreased over time. This is good news for India’s fight against poverty.

A recent report by the NITI Aayog, a policy think tank in India, also shows that poverty has been decreasing steadily in the country. The report uses data from various surveys to analyze poverty trends from 2005 to 2023.

When comparing poverty rates between countries, it’s important to use poverty thresholds that consider the cost of living in each country. The World Bank uses a poverty line of $2.15 a day to measure extreme poverty. This standard helps track progress towards reducing poverty globally.

India’s progress in reducing poverty is an important step towards achieving the UN’s Sustainable Development Goals, which aim to eliminate poverty worldwide by 2030.

poverty in india

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