According to a World Bank working paper, the extreme poverty count fell from 22.5% in 2011 to 10.2% in 2019.
- The paper, titled ‘Poverty has declined over the last decade But Not As Much As Previously Thought, ‘ mentioned that in the first half of the decade, extreme poverty declined to 19.1%. The remaining 9.1% drop was achieved in the later years, between 2015 and 2019.
- Extreme poverty dropped by 3.2% points between 2017 and 2018 alone, which was the fastest rate in over two decades.
- The pace of reduction in rural India has been more dramatic than in urban areas. The poverty level in rural and urban areas declined by 14.7 and 7.9 percentage points, respectively, during the 2011-2019 period.
- While the extreme poverty eased to 11.6% in rural areas in 2019, the urban poverty level stood at 6.3%.
- The World Bank defines ‘living in extreme poverty’ in India as living on $1.9 or less in purchasing power parity (PPP) terms.
- World’s Bank working paper was released one week after the International Monetary Fund (IMF) report, which claimed that the free foodgrain scheme capped extreme poverty in India at 0.86 percent in 2020.
GS टाइम्स UPSC प्रीलिम्स (PT) करेंट अफेयर्स डेली ऑनलाइन अभ्यास (टेस्ट) के लिए यहाँ क्लिक करें
UPC प्रारंभिक परीक्षा दैनिक/वार्षिक सामान्य अध्ययन-1 अभ्यास (हिंदी माध्यम मानक अभ्यास)
