According to World Bank report 2001 which country has the largest poor population
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World Development Report 2000/2001 : Attacking Poverty
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Published
2001
Author(s)
World Bank
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Abstract
This report focuses on the dimensions of poverty, and how to create a better world, free of poverty. The analysis explores the nature, and evolution of poverty, and its causes, to present a framework for action. The opportunity for expanding poor people's assets is addressed, arguing that major reductions in human deprivation are indeed possible, that economic growth, inequality, and poverty reduction, can be harnessed through economic integration, and technological change, dependent not only on the evolvement of markets, but on the choices for public action at the global, national, and local levels. Actions to facilitate empowerment include state institutional responsiveness in building social institutions which will improve well-being, and health, to allow increased income-earning potential, access to education, and eventual removal of social barriers. Security aspects are enhanced, by assessing risk management towards reducing vulnerability to economic crises, and natural disasters. The report expands on the dimensions of human deprivation, to include powerlessness and voicelessness, vulnerability and fear. International dimensions are explored, through global actions to fight poverty, analyzing global trade, capital flows, and how to reform development assistance to forge change in the livelihoods of the poor.
Answer:
According to the World Bank report of 2001, India had the largest population of people living below the international poverty line. The report estimated that about 33% of the world's poor lived in India, which equated to over 300 million people. Since then, India has made significant progress in reducing poverty, with the poverty rate falling from 45% in 1993 to around 22% in 2011. However, India still has a large population living in poverty, and poverty remains a significant challenge for the country.
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Explanation:
According to the World Bank's 2001 report, India had the largest number of people living in poverty at that time. The report estimated that around 260 million people in India were living below the poverty line, which was defined as earning less than $1.90 per day.
There were several factors that contributed to India's high poverty rate in 2001. One major factor was the country's large population, which at the time was over one billion people. Despite its relatively high economic growth rate in the 1990s, India still struggled with high levels of inequality, especially in rural areas where agricultural productivity was low and access to basic services such as healthcare and education was limited.
Additionally, the report noted that India's economic growth had not been inclusive, with much of the gains going to urban and middle-class populations. This left large segments of the population, particularly those living in rural areas and belonging to lower castes and tribes, behind in terms of economic and social progress.
Since the 2001 report, India has made significant progress in reducing poverty. According to the World Bank's latest estimates, the poverty rate in India fell from 21.2% in 2011 to 9.7% in 2018. However, there is still a long way to go, and poverty remains a major challenge for the country, particularly in the wake of the COVID-19 pandemic.
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