Poverty In India 2024. India has almost eliminated extreme poverty, with only 2.2 per cent of its population living below the world bank's poverty line. This “mixed” approach captures more of a household’s consumption and results in dramatically lower poverty estimates.

Now, in 2024, the share of the bottom 50% of the population has slightly. Poverty is defined as the state of not having sufficient income or material possessions such as food, clothing, and shelter to cover a person’s basic needs.