Economy
India lifts nearly 500 million out of poverty, but inequality deepens
India's extreme poverty rate fell from 27.1% to 2.6% between 2011 and 2023, lifting nearly 500 million people out of poverty, according to a new World Bank report. But income and wealth gaps have widened sharply, with the top 10% of earners taking about 58% of national income while the bottom 50% receive just 15%.