Question

What is the poverty trend in India?

Answer 1

Answer:

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Explanation:

There has been a substantial decline in the poverty ratios in India from about 54.9 per cent in 1973 to 36 per cent in 1993. The proportion of people below poverty line further came down to about 26 percent in 2000. However the number of poor people are constant around 320 million for a long time.

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Answer 2

If these previous trends continue, India's share of world GDP will significantly increase from 7.3% in 2016 to 8.5% by 2020. In 2012, around 170 million people, or 12.4% of India's population, lived in poverty (defined as $1.90 (Rs 123.5)), an improvement from 29.8% of India's population in 2009.