Poverty Rate In India In 2024. India has almost eliminated extreme poverty, with only 2.2 per cent of its population living below the world bank's poverty line. As the world inequality report of 2024 starkly illustrates, the richest 1% of indians now control over 40% of the nation’s wealth, while the bottom 50% are left with a.

“the rate of decline of multidimensional poverty has accelerated during the period. India poverty rate for 2022 was 0.00%, a 81.8% decline from 2021.