Multidimensional Poverty Index (MPI), India's population living in multidimensional poverty was 14.96%. The rural areas of India experienced multidimensional poverty of 19.28%. In urban areas, the poverty rate was 5.27%.
The poverty ratio of India is a measure of how many people in the country are living below a certain income or consumption level. There are different ways to define and measure poverty, such as using absolute or relative thresholds, monetary or non-monetary indicators, and single or multidimensional approaches. Therefore, the poverty ratio of India may vary depending on the source and method used.
According to the latest report from the Indian government think tank NITI Aayog, based on the National Multidimensional Poverty Index (MPI), 14.96% of India's population are multidimensionally poor as of 2019-21. This means that they suffer from simultaneous deprivations in health, education, and standard of living. The report also shows that India has reduced its multidimensional poverty by 9.89 percentage points from 2015-16 to 2019-21, with significant progress observed in Bihar and Uttar Pradesh.
According to the World Bank, based on the international poverty line of $1.9 per day in purchasing power parity (PPP) terms, 6.7% of India's population are extremely poor as of 2020. This means that they cannot afford the basic needs for survival. The World Bank also estimates that India has reduced its extreme poverty by 12.3 percentage points from 2011 to 2019, with notable improvement in rural areas.
According to the World Poverty Clock, based on a real-time estimate of the number of people living in poverty, 6% of India's population are poor as of 2023. This means that they have a daily income or consumption below $5.5 in PPP terms. The World Poverty Clock also projects that India will achieve the Sustainable Development Goal of ending poverty by 2030.
As you can see, the poverty ratio of India depends on the definition and data source used, but all of them indicate that India has made remarkable progress in reducing poverty in the last decade. However, there are still millions of people who are struggling to meet their basic needs and aspirations, and there are many challenges and inequalities that need to be addressed. I hope this answer has given you some insight into the poverty situation in India.
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Multidimensional Poverty Index (MPI), India's population living in multidimensional poverty was 14.96%. The rural areas of India experienced multidimensional poverty of 19.28%. In urban areas, the poverty rate was 5.27%.
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Answer:
The poverty ratio of India is a measure of how many people in the country are living below a certain income or consumption level. There are different ways to define and measure poverty, such as using absolute or relative thresholds, monetary or non-monetary indicators, and single or multidimensional approaches. Therefore, the poverty ratio of India may vary depending on the source and method used.
According to the latest report from the Indian government think tank NITI Aayog, based on the National Multidimensional Poverty Index (MPI), 14.96% of India's population are multidimensionally poor as of 2019-21. This means that they suffer from simultaneous deprivations in health, education, and standard of living. The report also shows that India has reduced its multidimensional poverty by 9.89 percentage points from 2015-16 to 2019-21, with significant progress observed in Bihar and Uttar Pradesh.
According to the World Bank, based on the international poverty line of $1.9 per day in purchasing power parity (PPP) terms, 6.7% of India's population are extremely poor as of 2020. This means that they cannot afford the basic needs for survival. The World Bank also estimates that India has reduced its extreme poverty by 12.3 percentage points from 2011 to 2019, with notable improvement in rural areas.
According to the World Poverty Clock, based on a real-time estimate of the number of people living in poverty, 6% of India's population are poor as of 2023. This means that they have a daily income or consumption below $5.5 in PPP terms. The World Poverty Clock also projects that India will achieve the Sustainable Development Goal of ending poverty by 2030.
As you can see, the poverty ratio of India depends on the definition and data source used, but all of them indicate that India has made remarkable progress in reducing poverty in the last decade. However, there are still millions of people who are struggling to meet their basic needs and aspirations, and there are many challenges and inequalities that need to be addressed. I hope this answer has given you some insight into the poverty situation in India.