India's poverty rate to decline to 12.1% by 2028, World Bank projects

India's poverty rate is forecast to decline to 12.1 percent by 2028, according to projections by the World Bank, reflecting continued progress in the country's efforts to lift citizens out of poverty. The decline represents an ongoing downward trend, though the pace of improvement is expected to moderate in the coming years.

The World Bank's assessment attributes the poverty reduction to multiple factors, including growth in employment opportunities, increased consumption levels, and expanded social transfer programmes that have bolstered household incomes across lower-income segments. These interventions have played a significant role in supporting vulnerable populations and strengthening economic resilience.

While the trajectory remains positive, analysts note that the deceleration in the rate of poverty reduction reflects broader economic complexities. The moderation suggests that achieving further gains will require sustained policy focus on job creation, wage growth, and the effectiveness of social safety nets in reaching marginalised communities.

The projection underscores India's continued commitment to poverty alleviation, though it highlights the challenges inherent in extending economic benefits to India's most disadvantaged populations as the country pursues its development objectives.