Economy Pace extreme poverty reduction in South Asia faster than rest of world: World Bank Updated : September 19, 2018 11:47 AM IST Between 1990 and 2015, the world experienced a 25-percentage point drop in extreme poverty against a 35 percentage-point drop in South Asia The percentage of people living in extreme poverty globally fell to a new low of 10 percent in 2015, down from 11 percent in 2013, reflecting steady but slowing progress, the World Bank data shows. There's still a tremendous amount of work left to be done to improve the wellbeing of the relatively poor in South Asia, including India: Dean Jolliffe, Lead Economist at the World Bank Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.