$2.15 poverty line

Last week, the World Bank released its latest estimates of poverty for India. According to its Poverty and Equity Briefs, poverty in India declined from 16.2% in fiscal year 2011-12 to 2.3% in 2022-23, with 171 million people lifted out of it in 11 years—or 15.5 million persons per year. These estimates are based on…