A World Bank report states that during the course of 11 years, nearly 27 crore people in India were lifted out of extreme poverty.

269 million people left extreme poverty in India between 2011–12 and 2022–23, indicating the country's impressive development in this area. In 2022–2023 the severe poverty rate decreased from 27.1 percent in 2011–12 to just 5.3 percent, according to the most recent World Bank data.

Approximately 344.47 million Indians lived in extreme poverty in 2011–12. That figure dropped sharply to 75.24 million by 2022–2023. 

States like Uttar Pradesh, Maharashtra, Bihar, West Bengal, and Madhya Pradesh, which collectively accounted for 65% of India's extreme poor in 2011–12, made significant contributions to this advancement. Over the last ten years, these states have helped reduce poverty by two-thirds.

India's poverty rate dropped from 16.2 percent in 2011 to just 2.3 percent in 2022 using the previous 2.15 dollar per day poverty limit, which was based on 2017 pricing. As a result, there are now 33.66 million people living in extreme poverty, down from 205.93 million. Living on less than $3.00 USD per day, adjusted for 2021 prices, is considered extreme poverty according to the World Bank.

Both rural and urban areas have seen a general decrease in poverty. Over the course of the 11-year period, urban poverty dropped from 10.7 percent to just 1.1 percent, while rural poverty dropped from 18.4 percent to 2.8 percent.

India has also made significant progress in lowering multidimensional poverty, which takes into account elements like standard of life, education, and health. From 53.8 percent in 2005–06 to 16.4 percent in 2019–21 and then to 15.5 percent in 2022–23, the Multidimensional Poverty Index fell.

Prime Minister Narendra Modi emphasized important programs like PM Awas Yojana, PM Ujjwala Yojana, Jan Dhan Yojana, and Ayushman Bharat that contributed to the drop in the poverty rate as the BJP-led NDA government celebrates 11 years in power. These programs have increased access to banking, healthcare, clean cooking fuel, and housing. More than 250 million people have been able to escape poverty thanks to the effective and transparent delivery of support made possible by Direct Benefit Transfers, digital inclusion, and better rural infrastructure.