India related Findings

Reduction in Poverty: The report also shines a light on the significant reductions of poverty in India.

• In India, 415 million people exited poverty between 2005/2006 and 2019/2021—including about 140 million since 2015/2016.
• India’s MPI value and incidence of poverty were both more than halved.
• The MPI value fell from 0.283 in 2005/2006 to 0.122 in 2015/2016 to 0.069 in 2019/2021.
• The incidence of poverty fell from 55.1 percent in 2005/2006 to 27.7 percent in 2015/2016 to 16.4 percent in 2015/2016.
• For the first time, South Asia is not the region with the highest number of poor people, at 385 million, compared with 579 million ....