India reduces extreme poverty to 5.3% in 2022-23, lifting 171 million people above the $3/day line since 2011-12. Food transfers and welfare schemes drive progress, narrowing rural-urban gaps. Five states hold 54% of the poor. Growth lags 5% below pre-pandemic levels, but recovery is expected by 2027-28.
The World Bank report highlighted India's success in reducing the extreme poverty rate to 5.3% in 2022-23, from 27.1% in 2011-12.
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