According to US think tank Brookings, India has eradicated extreme poverty.

In a recent report, the American think tank Brookings Institution praised India for having eradicated extreme poverty, a major development in the country's socioeconomic landscape. The report, authored by economists Surjit Bhalla and Karan Bhasin, credits the success to the Indian government's aggressive redistribution-focused policy initiatives over the previous ten years that have promoted inclusive growth.
According to the study's statistics, household consumption has increased while the headcount poverty ratio has significantly decreased. The data challenged the World Bank's earlier estimates, suggesting that there are fewer poor people in India.The study indicates that a key element behind this achievement is the combination of robust economic expansion and a notable decline in income inequality. From 12.2% in 2011–12 to just 2% in 2022–2023 at the purchase power parity $1.9 level, the "headcount poverty ratio" fell precipitously.The authors argued that the government's steadfast commitment to redistribution is the reason behind the higher growth in consumption in rural areas. According to the study, publicly funded programs like the national drive to build toilets and the push for universal access to electricity, modern cooking fuel, and piped water have been crucial.

The report highlights the impact of these policies by pointing out that rural access to piped water has increased dramatically from 16.8% in August 2019 to an astounding 74.7% at this time.
The authors stress that India's transition from extreme poverty to a lower poverty line signals both the need for the country to advance to a higher poverty line and positive implications for global poverty rates.
The publication of the study coincides with the recessions of Japan and the UK, two of the largest economies in the world. The United Kingdom has officially entered a recession after revealing a 0.3 percent contraction in the fourth quarter of 2023. Japan, which was once expected to have the greatest economy in the world, has also been having difficulty recovering from the Covid pandemic