INDIAN GROWTH STORY- NEW INTERNATIONAL POVERTY LINE World Bank introduced the concept of International Poverty Line in 1990 to capture the daily cost for a person to meet their basic needs, which was fixed at $ 1 for low income group. This limit was revised in 2008, 2015, 2022 and recently in 2025 taking it to $ 3 from $ 2.15. The same is now $ 4.20 and $ 8.40 raised from $ 3.65 and $ 6.85 respectively for Lower Middle Income Countries (LMIC) and Upper Middle Income Countries (UMIC) respectively. World Bank, in its Spring 2025-Poverty and Equity Brief, highlighted India’s significant leap in reduction of extreme poverty from 16.20% in 2011-12 to 2.30% in 2022-23 at $ 2.15 per day per person with absolute reduction of 170 million from 205 million in 2011-12 to 34 million in 2022-23. Even at current extreme poverty line of $ 3, it is at 75 million which is 5.25% thus effectively uplifting 121 million people. With the perspective of Lower Middle Income Countries (...
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