BBC News reports that poverty in India has dropped sharply between 2004 and 2009.
"From 2004-2005 to 2009-2010, the rate fell from 37.2% to 29.8%, which means around 360 million people currently live in poverty. Rural poverty has declined faster than urban poverty during this period. The Planning Commission said the main reason for the reduction in poverty was the government's increased spending on rural welfare programmes".
However the picture is mixed and different metrics give a range of statistics. I guess it depends how you define "poverty".
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