India no longer home largest poor people3/16/2023 ![]() ![]() ![]() "All these estimates reveal that poverty in India was in single digits as per the Tendulkar poverty line and that India experienced one of the fastest pace of poverty reduction between 2011-2017," the authors noted adding that asset transfers in the form of houses, toilets etc. from 2014 has played a major role in reducing poverty.ĪLSO READ: India needs GDP growth of 8 per cent to eradicate poverty, says SBI Chairman Rajnish Kumar They further provide three additional estimates based on the India Human Development Survey at 7.4 per cent and at 3.8 per cent for the year 2017 while the fourth estimate based on national accounts puts poverty in India in 2017 at 3.4 per cent. The authors also conclude that the record pace of poverty reduction was due to high growth rate and government measures such as MGNREGA, Direct Benefit Transfers, PM Kisan Yojana, LPG subsidy and others. The latest paper used multiple data sources including the junked NSSO survey, night-time lights data and others to eventually find that between 20, poverty reduction has been better than widely anticipated. While the NSSO data shows a 12 per cent decline in per capita consumption, the national accounts data in contrast shows an increase of 5.5 per cent.ĪLSO READ: India halved its poverty rate since 1990s, says World Bank The paper comes amid the controversial National Sample Survey Office's (NSSO) junked consumption expenditure survey showing India's real per capita consumption to have declined in 2017 from what it was in 2011, which also implies that poverty in 2017 may have actually shot up over 2011. ![]() The findings, which are part of the joint paper titled Poverty, Inequality and Inclusive Growth in India: 2011/12-2017/18 by Surjit S Bhalla, Arvind Virmani and Karan Bhasin, were presented to the National Council for Applied Economic Research (NCAER). More than 90 million children under age five are still undernourished and underweight.It also states that poverty, as per the Tendulkar Poverty line, reduced from 14.9 per cent in 2011 to 7.0 per cent in 2017 - the fastest pace the country has seen yet.Globally, about 795 million people are estimated to be undernourished.The proportion of undernourished people in the developing regions has fallen by almost half since 1990.Halve, between 19, the proportion of people who suffer from hunger Only four in ten young women and men aged 15-24 are employed in 2015, compared with five in ten in 1991.The global employment-to-population ratio – the proportion of the working-age population that is employed – has fallen from 62 per cent in 1991 to 60 per cent in 2015, with an especially significant downturn during the global economic crisis of 2008/2009.Globally, 300 million workers lived below the $1.25 a day poverty line in 2015.At the global level more than 800 million people are still living in extreme poverty.Īchieve full and productive employment and decent work for all, including women and young people.This rate dropped to 14 per cent in 2015. In 1990, nearly half of the population in the developing regions lived on less than $1.25 a day.More than 1 billion people have been lifted out of extreme poverty since 1990.The target of reducing extreme poverty rates by half was met five years ahead of the 2015 deadline.Halve, between 19, the proportion of people whose income is less than $1.25 a day ERADICATE EXTREME POVERTY & HUNGER Target 1.A: ![]()
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |