India's Inequality Drops Sharply as Extreme Poverty Falls to 2.6%: World Bank
A latest World Bank report reveals a historic decline in India's inequality, with the Gini index falling to 23.5 in 2026, placing India among low inequality nations globally in consumption terms. Extreme poverty in the country dropped significantly from 27.6% to 2.6%. Additionally, the proportion of citizens earning less than 400 rupees per day decreased from 57.7% to 16.1%. Analysts note that while these percentages represent a major achievement, absolute population numbers still highlight ongoing developmental challenges alongside domestic economic growth.
