The World Bank has revised the International Poverty Line (IPL) from $2.15/day to $3.00/day (2021 PPP). \n  Despite this higher threshold, India's economic numbers showed a sharp reduction in poverty, acting as a global outlier. \n  India used a revised method of Modified Mixed Recall Period (MMRP) that reduced the global poverty count by 125 million, offsetting a significant portion of the increase. \n  With MMRP, India’s 2022–23 poverty rate under the new $3.00 line was 5.25%, and just 2.35% under the older $2.15 line.

The data reflects steady growth across all major sectors over the years. The manufacturing and infrastructure sector shows strong expansion, especially post-2021, likely driven by industrial recovery and investment. \n Financial and professional services have also grown consistently, indicating a healthy service economy. \n Though trade, transport, and communication dipped in FY21—likely due to the pandemic—they rebounded strongly thereafter. \nPublic administration and agriculture sectors have maintained moderate yet consistent growth, highlighting their stability in the economic structure.

DataSet Overview on Indian Economy

India’s Transformed Poverty Story

Real Gross Value Added at Basic Prices by Industry