<h1>India Dramatically Cuts Extreme Poverty to 5.3%, Lifting 171 Million People Above Poverty Line Through Strategic Interventions</h1> A World Bank report reveals India's extreme poverty rate sharply declined to 5.3% in 2022-23 from 27.1% in 2011-12, even after raising the poverty threshold to USD 3 per day. The country lifted 171 million people out of poverty, with rural and urban poverty rates significantly dropping. The report highlights successful poverty reduction through food transfers and narrowing rural-urban economic disparities, while noting potential economic challenges and global uncertainties.