<P> Poverty is a significant issue in India , despite being one of the fastest - growing economies in the world , clocked at a growth rate of 7.11 % in 2015 , and a sizable consumer economy . The World Bank reviewed and proposed revisions on May 2014 , to its poverty calculation methodology and purchasing power parity basis for measuring poverty worldwide . According to this revised methodology , the world had 872.3 million people below the new poverty line , of which 179.6 million people lived in India . In other words , India with 17.5 % of total world 's population , had 20.6 % share of world 's poorest in 2011 . As of 2014 , 58 % of the total population were living on less than $3.10 per day . According to the Modified Mixed Reference Period ( MMRP ) concept proposed by World Bank in 2015 , India 's poverty rate for period 2011 - 12 stood at 12.4 % of the total population , or about 172 million people ; taking the revised poverty line as $1.90 . </P>
<P> Poverty is a significant issue in India , despite being one of the fastest - growing economies in the world , clocked at a growth rate of 7.11 % in 2015 , and a sizable consumer economy . The World Bank reviewed and proposed revisions on May 2014 , to its poverty calculation methodology and purchasing power parity basis for measuring poverty worldwide . According to this revised methodology , the world had 872.3 million people below the new poverty line , of which 179.6 million people lived in India . In other words , India with 17.5 % of total world 's population , had 20.6 % share of world 's poorest in 2011 . As of 2014 , 58 % of the total population were living on less than $3.10 per day . According to the Modified Mixed Reference Period ( MMRP ) concept proposed by World Bank in 2015 , India 's poverty rate for period 2011 - 12 stood at 12.4 % of the total population , or about 172 million people ; taking the revised poverty line as $1.90 . </P>
how much of india is living in poverty
how much of india is living in poverty
12.4 %
12.4 %