Modi govt's big achievement in 11 years, extreme poverty rate drops to..., extremely poor people are from states like...., world bank says...
Modi govt's big achievement in 11 years, extreme poverty rate drops to..., extremely poor people are from states like...., world bank says...
According to the latest data of the World Bank, as an important achievement under the Prime Minister Narendra Modi, India has made progress in reducing its extreme poverty rate in the last decade. The extreme poverty rate in the country has been recorded to have come down from 27.1 percent in 2011-12 to 5.3 percent in 2022-23. A total of 344.47 million people were living in extreme poverty in India during 2011-12, which has come down to about 75.24 million people during 2022-23. According to the World Bank data, as a significant progress in India, 269 million individuals were lifted out of extreme poverty in about 11 years.
65 percent of India's extremely poor people lived in five states of Uttar Pradesh, Maharashtra, Bihar, West Bengal and Madhya Pradesh during 2011-12. At the same time, these states contributed to two-thirds of the total decline in extreme poverty by 2022-23. The latest World Bank data shows that in absolute terms, the number of people living in extreme poverty has fallen from 344.47 million to just 75.24 million.
The World Bank's assessment is based on the international poverty line of $3.00 per day (using 2021 prices), which shows widespread deprivation in both rural and urban areas. According to World Bank estimates, the share of Indians living in extreme poverty at $2.15 per day (the previous poverty line based on 2017 prices) is 2.3 percent, down sharply from 16.2 percent recorded in 2011-12.
According to the latest data, the number of people living below the poverty line of $2.15 per day is recorded at 33.66 million in 2022 from 205.93 million in 2011. The data also revealed that this sharp decline was observed uniformly, with rural extreme poverty declining from 18.4 per cent to 2.8 per cent and urban extreme poverty declining from 10.7 per cent to 1.1 per cent in the last 11 years. Moreover, India has also made tremendous progress in reducing multidimensional poverty. According to the data, the Multidimensional Poverty Index (MPI) declined from 53.8 per cent in 2005-06 to 16.4 per cent by 2019-21 and further declined to 15.5 per cent in 2022-23.
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Hans India
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