World Bank Estimates 496 Million Indians Moved Out of Poverty Between 2011 and 2023
What Happened
An October 2026 World Bank poverty assessment estimates that 496 million Indians moved above the $4.20-a-day poverty line between 2011 and 2023. DD News reported that the poverty rate fell from 57.7% to 16.1%. Its October 30 economic briefing also examined European living costs and US election concerns. Eurostat separately confirmed eurozone inflation reached 3.8% in September.
Key Takeaways
India's estimated poverty reduction represents substantial progress, but it does not mean poverty has disappeared. The report also highlights continuing inequality, while Europe's inflation data show renewed pressure on household budgets.