Write a short note on position of global poverty in brief.
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What is Global Poverty? ... Poverty is a state of life, affecting all of humanity. Poverty is most commonly defined by economic standards, based on income levels and access to basic human necessities, such as food, water, and shelter. Poverty is often described with a scale, ranging from extreme to moderate levels
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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 27.5 percent .
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