India's poverty rate has fallen sharply in recent years, even as the richest 10% of earners now make 13 times more than the poorest 10%, according to new World Bank data reported by Times of India. The findings highlight a stark divergence in economic progress across income deciles as millions have moved above the poverty line.
The decline in poverty comes amid India's sustained economic growth and targeted welfare programs, yet the gap between the top and bottom deciles has widened significantly over the past decade, flagging a structural challenge for the country's development trajectory.
"The data underscores a paradox at the heart of India's development story," said a World Bank spokesperson, quoted by Times of India, "while poverty reduction is a significant achievement, the widening income gap calls for inclusive policy interventions."
Looking ahead, the World Bank indicates that sustained poverty eradication will depend on the effectiveness of India's upcoming fiscal policies and infrastructure investments, with analysts warning that without targeted interventions to bridge the income divide, the country may face social and economic headwinds that could undermine the gains made in poverty reduction.