India's Poverty Rate Could Fall To 12.1% By 2028, World Bank Estimates
India's poverty rate at the $4.20-a-day threshold fell from 57.7% in 2011-12 to 16.1% in 2023-24. The World Bank projects it could decline further to 14.2% in 2026 and 12.1% by 2028, measured in 2021 purchasing power parity terms
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India's Poverty Rate Could Fall To 12.1% By 2028, World Bank EstimatesIndia's poverty rate at the $4.20-a-day threshold fell from 57.7% in 2011-12 to 16.1% in 2023-24. The World Bank projects it could decline further to 14.2% in 2026 and 12.1% by 2028, measured in 2021 purchasing power parity terms -
India Adds Workers, But Real Daily Pay Stagnates For Salaried EmployeesIndia's employment count rose from 47.5 crore in 2017-18 to 64.3 crore in 2023-24, while the worker-population ratio increased from 46.8% to 58.2%. Average inflation-adjusted daily earnings for regular salaried workers remained unchanged at ?381, while casual workers' earnings rose from ?189 to ?227
