illustrate the seriousness of poverty in India
Answers
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 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 2020, the incidence of multidimensional poverty has significantly reduced, declining from 54.7 percent to 6 percent.
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Poverty in India is a serious issue, with a significant portion of the population living below the poverty line.
- According to the World Bank, in 2020, about 27% of the population in India lives in poverty, which is equivalent to around 340 million people.
- Additionally, the poverty rate is higher in rural areas, where almost 33% of the population lives in poverty, compared to around 21% in urban areas.
- The poverty in India is also characterized by lack of access to basic necessities such as clean water, sanitation, and healthcare, as well as limited opportunities for education and employment.
- This can lead to a cycle of poverty that is difficult to break.
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