The current government’s sustained policy efforts helped India record one of the fastest poverty declines in the world, Finance Minister Nirmala Sitharaman said on Friday citing data from the World Bank. As per the World Bank, India lifted an estimated 496 million people out of poverty between 2011 and 2023, with the share of the population living below the Lower Middle-Income Country line falling from 57.7% to 16.1%. Extreme poverty, measured by the $3 per day threshold, declined from 27.1% to 2.6% during this period.