New Delhi, Jan. 29 -- India has made strong progress in reducing poverty, with both income-based and non-monetary indicators showing steady improvement, according to the Economic Survey.
The World Bank recently revised its International Poverty Line (IPL) from USD 2.15 to USD 3.00 per day in June 2025, adjusting for 2021 purchasing power.
Based on this updated benchmark, India's poverty rate in 2022-23 stood at 5.3 per cent for extreme poverty and 23.9 per cent for lower-middle-income poverty.
The Survey said India has also achieved major gains in reducing non-monetary poverty, which looks beyond income and includes access to education, healthcare and basic living conditions.
The World Bank's Multidimensional Poverty Measure for India w...