New Delhi, June 9 -- Latest World Bank figures point to a sharp decline in the ratio of extreme poverty in India. It fell to 5.3% in 2022-23 from 27.1% in 2011-12, with 269 million individuals lifted out of such indigence during that period.

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By this measure, based on the $3-per-day international poverty line (at 2021 prices), India's number of extremely poor stood at about 75.24 million in 2022-23, a sharp drop from 344.47 million just over a decade earlier. Even on multidimensional poverty, World Bank data shows a notable decline to 15.5% in 2022-23 from 53.8% in 2005-06.

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