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India Poverty Rate

India's poverty rate fell to 5.3% in 2022, down from 27.1% in 2011, according to World Bank. This represents a decrease of 21.8% from the previous year. India has poverty rate higher than the global median (5.30% vs median 1.90%). Compared with the median in Asia, India is higher (5.30% vs regional median 2.00%) and ranks 8th out of 30 countries in Asia.

India's annual unemployment rate rose to 4.2% in 2024, up from 4.17% in 2023.

Yearly Historical Data (1977-2022)

(in %)
Year Poverty Rate (%)
2022 5.3%
2011 27.1%
2009 34.6%
2004 46.4%
1993 47.5%
1987 51.8%
1983 50.9%
1977 59.7%
India Poverty Rate : Definition
Poverty Rate measures the percentage of people in India living on less than $3.00 per day, adjusted for purchasing power parity (PPP, 2021 prices).
Indicator Last Value Prior Value Period
Adult Literacy Rate 77% 76% 2023
Gini Index 25.5 points 28.8 points 2022
Happiness Index 4.39 points 4.05 points 2024
Homicide Rate 2.94 2.91 2021
Population 1.45B 1.44B 2024
Primary Enrollment Rate 112.03% 111.08% 2023