Poverty in India is widespread—in 2014, the World Bank reported that 11.8% of all people in India fall below the international poverty line of US$ 1.25 per day (PPP). Over the last decade, poverty has witnessed a consistent decline with the levels dropping from 37.2% in 2004-05 to 29.8% in 2009-10 and 21.9% in 2012 to 11.8% in 2014. The number of poor is now estimated at 148 million in 2014 as compare to 396 million in 2004-05. According to the Planning Commission of India, poverty in India declined to a record 21% in 2011-12. In 2012 the total number of people below the poverty line was estimated to be 250 million, but more recent surveys by the World Bank in 2014 give a figure of 148 million people.
In 2014,Economists at both the Washington-based Center for Global Development and the Brookings Institution found that In India the number of people living on less than International poverty line of $1.25 a day fell from 393m of the country’s 1.2bn people to just over 100mbased on World Bank's the 2011 ICP report,Even setting a poverty line equivalent to $1.78 in 2011 PPP dollars ($1.55 in 2005 PPP dollars), the Brookings researchers found that the number of people living in below poverty line had fallen to 148 million.
According to the Planning Commission of India which is country’s top advisory body, the country will be poverty free by 2020.