India Poverty Percentage 2024. The september 2023 global poverty update by the world bank revealed that at the $3.65 poverty line, india accounts for 40% of the global poverty rate of 24.1%. “at the world bank’s extreme poverty line of $1.90 per day, india appears to have nearly eradicated extreme poverty (with a national poverty rate of 2.2 per cent.
Significant initiatives covering all dimensions of poverty have led to 24.82 crore individuals escaping multidimensional poverty in the last 9 years. India poverty rate for 2020 was 83.00%, a 2.3% increase from 2019.