According to the World Bank, India's extreme poverty has decreased by half.

According to a new study, the number of disadvantaged people in the large country has substantially decreased between 2011 and 2019.

According to a World Bank Policy Research Working Paper, extreme poverty in India, the second-most populous nation in the world, is thought to have decreased by 12.3 percentage points between 2011 and 2019, the Economic Times reported on Monday.

The research states that the count decreased from 22.5% in 2011 to 10.2% in 2019, with rural areas experiencing a significantly greater decline than metropolitan areas.

According to reports, the article used two methods to calculate extreme poverty. "Both methods produce qualitatively comparable headcount poverty levels and trends calculated at the $1.90 line: According to the report, poverty is down 12.3 percentage points from 2011 to 2019.

According to the report, from 2011 to 2015, the country's rate of extreme poverty decreased to 19.1%. Over the following four years, poverty decreased more quickly, by 9.1 percentage points, to reach 10%. The fastest decline in extreme poverty in more than 20 years occurred between 2017 and 2018, according to statistics.

Rural poverty decreased by 4.4 percentage points between 2011 and 2015, but it dropped even more dramatically in the four years that followed, from 21.9% to 11.6%.

Urban poverty, which had 12.9% in 2015, has dropped sharply by 6.6 percentage points to 6.3% in 2019. The survey also found, albeit at a slower rate, a decrease in consumer inequality.

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