Kolkata: The grip of extreme poverty — defined by a condition of living less than $2.15 a day — loosened from 18.2% in 2011-12 to 2.3% in 2022-23, thereby lifting as many as 17.1 crore people above this line, a recent report of the World Bank has said. The report also stated that such poverty has become a lot less common in both the rural and urban areas. While rural extreme poverty crashed from 18.4% to 2.8%, urban extreme poverty dropped from 10.7% to 1.1% between 2011-12 and 2022-13. As a result the rural-urban gap from 7.7 to 1.7 percentage points — or a 16% annual decline, said “Poverty and Equity briefs”, in which the World Bank highlights poverty, shared prosperity and inequality trends for over 100 developing countries.

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