India’s extreme poverty fell to 5.3% in 2022-23 from 27.1% in 2011-12, a much sharper decline than in previous decades, the World Bank said, releasing updated data. Only 75.24 million were suffering extreme poverty in the country in 2022-23, as against 344.47 million in 2011-12, it said, implying a massive 269 million came out of poverty during the period. The sharp reduction in estimated poverty was despite the World Bank raising its poverty threshold to $3 (daily consumption) from $2.15 earlier, and adopting 2021 Purchasing Power Parities (PPPs).