UN estimates that 415 million people in India have been lifted out of poverty

According to the United Nations (UN), India’s poverty rate fell dramatically as 415 million people moved out of extreme poverty. The estimates of 110 nations were used in the most recent update to the worldwide Multidimensional Poverty Index (MPI).Read also this: What to Expect From World Population Day 2023, It’s Meaning and Theme According to the UNDP report, in just 15 years, from 2005-06 to 2019-21, India saw a significant reduction in poverty, with 415 million people departing from poverty. Between 2010 and 2014, 69 million Chinese and 8 million Indonesians were rescued from poverty, respectively. Within 15 years, MPI values in as many as 25 nations, including India, have been halved. Cambodia, China, the Congo, Honduras, India, Indonesia, Morocco, Serbia, and Vietnam are among these places. After surpassing China with 142.86 crore people, India is now the most populated country in the world. The rate of occurrence decreased from 55.1% in 2005/2006

By mediology 02:21 PM Jul 11, 2023 IST

According to the United
Nations (UN), India’s poverty rate fell dramatically as 415 million people
moved out of extreme poverty.

The estimates of 110
nations were used in the most recent update to the worldwide Multidimensional
Poverty Index (MPI).

According to the UNDP
report, in just 15 years, from 2005-06 to 2019-21, India saw a
significant reduction in poverty, with 415 million people departing from poverty.
Between 2010 and 2014, 69 million Chinese and 8 million Indonesians were
rescued from poverty, respectively.

Within 15 years, MPI
values in as many as 25 nations, including India, have been halved. Cambodia,
China, the Congo, Honduras, India, Indonesia, Morocco, Serbia, and Vietnam are
among these places.

After surpassing China
with 142.86 crore people, India is now the most populated country in the world.

The rate of occurrence
decreased from 55.1% in 2005/2006 to 16.4% in 2019/2021. The poorest states and
groups, such as children and those from disadvantaged caste groups, experienced
the fastest absolute progress, according to the report.

The percentage of
Indians who are multidimensionally poor and disadvantaged as measured by the
nutrition indicator has dropped from 44.3% in 2005/2006 to 11.8% in 2019/2020.
Meanwhile, it went from 4.5 percent to 1.5 percent among children.

Multidimensional
poverty and deprivation, however, decreased from 16.4 percent in 2005/2006 to
2.7 percent in 2019/2020.

The findings of the
research gave hope that poverty may be reduced. However, the paper stated, it
is difficult to assess near-term prospects due to a lack of thorough data
regarding the COVID-19 epidemic.

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