Question

Compare the indian and international lines of poverty ? do you think these poverty lines are sufficient in estimating poverty?

Answer 1

$\huge\mathtt\pink{Answer}$

• 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.

• 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 27.5 percent.