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Statistics and Facts. The September 2023 Global Poverty Update by the World Bank revealed that at the $3.65 poverty line, India accounts for 40% of the global poverty rate of 24.1%. (The World Bank) Over a third of all people living in poverty in the world live in South Asia, which amounts to roughly 389 million people. (The World Bank)
She is part of a faceless, often-cited statistic: About 60% of India's nearly 1.3 billion people live on less than $3.10 a day, the World Bank's median poverty line.
Oct 17, 2024 · According to research by the State Bank of India, released in February 2024, the poverty rate in the country fell to 4.5-5 percent in 2022-23. Based on the household consumption expenditure survey ...
Since 2007, India has set its official threshold at ₹ 26 a day ($0.43) in rural areas and about ₹ 32 per day ($0.53) in urban areas. [46] While these numbers are lower than the World Bank's $1.25 per day income -based definition, the definition is similar to China's US$0.65 per day official poverty line in 2008.
Sep 2, 2019 · The high population growth rate is one of the major reasons of poverty in India. This further leads to a high level of illiteracy, poor health care facilities and lack of access to financial ...
Oct 14, 2024 · Society. Gini index worldwide 2023, by country. Poverty. Poverty headcount ratio India at 3.65 and 2.15 U.S. dollars per day 1977-2021. Poverty. SDG index on hunger India 2024, by state.
Among them, a billion plus people are multidimensionally poor – nearly twice the number of people in income poverty. In the latest MPI – released last month – one of the most stunning success stories of poverty reduction comes from India, where a historic 415 million people exited poverty in the last 15 years, and the incidence of poverty fell by half.
