According to the 2004 - 2005 statistics how much money should the people earn yo be above the poverty line ?
Answers
Answer:
As India is one of the fastest-growing economies in the world, poverty is on the decline in the country, with close to 44 Indians escaping extreme poverty every minute, as per the World Poverty Clock. India has been able to lift a significant percentage of its population out of poverty, but many still live in it. India had 73 million people living in extreme poverty which makes up 5.5% of its total population, according to the Brookings report. In May 2012, the World Bank reviewed and proposed revisions to their poverty calculation methodology and purchasing power parity basis for measuring poverty worldwide.[1] It was a minimal 3.6% in terms of percentage. As of 2016, the incidence of multidimensional poverty has almost halved between 2005–06 and 2015–16, declining from 54.7 percent to 37.5 percent .[2]
India Poverty rate since 1993 based on World Bank $2.00 ppp value
According to United Nations Development Programme Administrator Achim Steiner, India lifted 271 million people out of poverty in just a 10-year time period from 2005/06 to 2015/16.[3]
The World Bank has been revising its definition and benchmarks to measure poverty since 1990, with a $2 per day income on purchasing power parity basis as the definition in use from 2005 to 2013.[4] Some semi-economic and non-economic indices have also been proposed to measure poverty in India. For example, in order to determine if a person is poor or not, the Multi-dimensional Poverty Index places a 33% weight on the number of years that person spent in school or engaged in education and a 6.25% weight on the financial condition of that person.[5]
Answer:
Explanation:
Poverty line is the income needed to meet the minimum living conditions. It is the amount of money required for an individual to meet his/her basic requirements. It is defined as the money value of the goods/services required or necessary to provide basic welfare to a person
Explanation:
Poverty Line is an imaginary line that is used by a nation to ascertain its poverty. People below the poverty line are considered as those who lacks the financial resources and important things needed to live a basic life. Rupees and Calories fixed for urban and rural areas are used to measure the poverty line
In 2004-2005 around 37.2 per cent of the people (360 million ) were below the poverty line. India poverty line was INR 446.68/capita/ month in rural areas and Rs 578.80/capita/month in urban areas in 2004-05. So to be above poverty line people must earn per capita income above this