NEW DELHI: India has recorded a dramatic decline in poverty, with the proportion of people living below the World Bank’s revised international poverty line of $3.00 per day (2021 Purchasing Power Parity, PPP) dropping from 27.1% in 2011 to just 5.3% in 2022.The updated poverty threshold, up from the earlier $2.15 line based on 2017 PPP, aims to better reflect today’s global prices and cost-of-living standards.This revision offers a clearer, more realistic view of deprivation and development across countries. For India, the new metric underscores decades of progress in fighting poverty, particularly since the early 2000s.Back in 1977, nearly 78% of India’s population lived below the $3-a-day mark. By 1993, the figure had dropped to around 68%, and to about 65% in 2004. However, the most rapid decline occurred in the last two decades. Between 2004 and 2022, the poverty rate fell by nearly 60 percentage points—a trend that accelerated especially after 2011.
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