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World Bank’s updated poverty line
June 15 , 2025
16 hrs 0 min
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- The World Bank revised upwards its threshold poverty line to $3 per day.
- For lower middle-income countries it's changed from $3.65 to $4.20 per day and for upper middle-income countries it went up from $6.85 to $8.40.
- The poverty rate at the lower middle-income country (LMIC) line declined by 33.7 percentage points.
- India has lifted 171 million people from extreme poverty in the decade between 2011-12 and 2022-23.
- India’s extreme poverty rate declined sharply to 5.3% over a decade from 27.1% in 2011-12.
- In India, 54,695,832 people lived on less than $3 per day in 2024.
- Thus, the poverty rate at $3 per day (2021 PPP - percentage population) is 5.44% in 2024.
- The extreme poverty rate decreased from 16.2 to 2.3% between 2011-12 and 2022-23.
- Rural extreme poverty dropped from 18.4% to 2.8%, and urban from 10.7% to 1.1%.
- 269 million Indians moved above the extreme poverty line between 2011-12 and 2022-23.
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