NITI Aayog in its report released on January 15, 2024, said that in the last nine years, about 25 crore people in the country have come out of poverty. NITI Aayog has released a report “Multidimensional Poverty in India Since 2005–06”. Under this, studies have been done about reducing the poverty rate in various dimensions.

Poverty reduced to 11 percent:

In the last nine years till 2022-23, 24.82 crore people came out of multidimensional poverty.
According to this report of NITI Aayog, poverty has reduced from 29 percent to about 11 percent in the last nine years.

Highest Decline in Poverty:

The highest decline in poverty has been recorded in Uttar Pradesh. Nearly 6 (5.94) crore people in Uttar Pradesh have come out of poverty in the last nine years.
Uttar Pradesh is followed by Bihar (3.77 crore), Madhya Pradesh (2.30 crore) and Rajasthan (1.87 crore).

Poverty reduced by 50% in 8 to 9 years:

According to Niti Aayog, poverty in India will soon come down to below 10 percent this year.
Around the year 2005, more than 50 percent of the people in the country were facing the problem of poverty.
NITI Aayog Chief Executive Officer B.V.R. Subramaniam said that reducing poverty by 50 percent in about 8 to 9 years is a remarkable achievement. Its impact will also be visible in India's sustainable development goals.
According to NITI Aayog, multidimensional poverty in India is expected to reduce from 29.17 percent in 2013-14 to 11.28 percent in 2022-23. This represents a decline of 17.89 percentage points. About 24.82 crore people moved out of the poverty line during this period.
National multidimensional poverty simultaneously measures deprivation across three equally weighted dimensions of health, education and living standards, which are represented by 12 Sustainable Development Goals-aligned indicators.

Alkire and Foster’s (AF) method of poverty decline rate:

NITI Aayog's national Multidimensional Poverty Index (MPI) uses the Alkire and Foster (AF) methodology to estimate the decline in poverty rates.
However, the national MPI comprises 12 indicators while the global MPI comprises 10 indicators.

Assistance was sought in preparing the report:

The Oxford Policy and Human Development Initiative (OPHI) and the United Nations Development Program (UNDP) provided technical input for this report.

Determination of International Poverty Line:

The World Bank defines the international poverty line at USD 2.15 (in 2017 purchasing power parity terms) per day to measure monetary value.
According to the latest World Bank data, the poverty ratio in India at US$2.15 per day has declined from 18.73 percent in 2015 to 11.9 percent in 2021.