India lifted an estimated 496 million people out of poverty between 2011 and 2023, with the extreme poverty rate declining from 27.1 per cent to 2.6 per cent, according to the World Bank’s. India has sharply reduced extreme poverty from 27.1% in 2011 to 2.6% in 2023, driven by job growth, increased government welfare, and improved consumption, though challenges remain in certain regions.