The world has made progress in eradicating extreme poverty, but around one in five people in developing regions still live on less than $1.25 per day, according to the UN Millennium Development Goals (MDG) report 2014.
Despite achieving the MDG goal of halving global poverty before the 2015 target, progress on poverty reduction has been uneven across geographies, the UN said.
"Some regions, such as Eastern Asia and South-Eastern Asia, have met the target of halving the extreme poverty rate, whereas other regions, such as sub-Saharan Africa and Southern Asia, still lag behind," it wrote in a report released on Wednesday.
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In Sub-Saharan Africa and South Asia, 48 percent and 30 percent people live on less than $1.25 a day, respectively, compared with 56 percent and 51 percent in 1990.
India tops the list; one third of the world's extreme poor live in the South Asian nation alone. The country hopes new Prime Minister Narendra Modi will push through reforms that revive the sluggish economy and lift millions out of poverty.