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Business
World Bank Projects India’s Poverty Rate to Drop to 12.1% by 2028
✍️ Business Standard
🗓 13 Oct 2026, 08:47 AM
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The World Bank forecasts that India's poverty rate will decline by 2.1 percentage points, reaching 12.1% by 2028, according to a Business Standard report.
The World Bank has released a new estimate indicating that India’s poverty rate will fall to 12.1% by 2028, a decline of 2.1 percentage points from current levels.
The projection is based on the World Bank’s updated poverty headcount methodology and recent economic growth data, reflecting continued expansion in manufacturing, services and rural employment.
According to the report, the decline will lift millions of Indians out of extreme poverty, improving access to education, health care and job opportunities.
Indian officials have welcomed the forecast, emphasizing that sustained growth and inclusive policies will be essential to achieving the target.
The projection is based on the World Bank’s updated poverty headcount methodology and recent economic growth data, reflecting continued expansion in manufacturing, services and rural employment.
According to the report, the decline will lift millions of Indians out of extreme poverty, improving access to education, health care and job opportunities.
Indian officials have welcomed the forecast, emphasizing that sustained growth and inclusive policies will be essential to achieving the target.