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Time of India
26-04-2025
- Business
- Time of India
171 million lifted above poverty line in 10 yrs: World Bank
NEW DELHI: Over the past decade, India has significantly reduced poverty with extreme poverty declining from 16.2% in 2011-12 to 2.3% in 2022-23, lifting 171 million people above the poverty line, a World Bank report said on Friday. Rural extreme poverty dropped from 18.4% to 2.8% and urban from 10.7% to 1.1%, narrowing the rural-urban gap from 7.7 to 1.7 percentage points - a 16% annual decline, according to the multilateral agency's Poverty and Equity Brief. "India also transitioned into the lower-middle-income category. Using the $3.65 per day LMIC (lower middle income country) poverty line, poverty fell from 61.8% to 28.1%, lifting 378 million people out of poverty," said the report. It said rural poverty dropped from 69% to 32.5%, and urban poverty from 43.5% to 17.2%, reducing the rural-urban gap from 25 to 15 percentage points with a 7% annual decline. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sumatera Utara: AI guru Andrew Ng recommends: Read These 5 Books And Turn Your Life Aroun... Blinkist: Andrew Ng's Reading List Undo The five most populous states - Uttar Pradesh, Maharashtra, Bihar, West Bengal, and Madhya Pradesh - accounted for 65% of the country's extreme poor in 2011-12 and contributed to two-thirds of the overall decline in extreme poverty by 2022-23, according to the report. "Nevertheless, these states still accounted for 54% of India's extremely poor (2022-23) and 51% of the multidimensionally poor (2019-21). As measured by the multidimensional poverty index (MPI), non-monetary poverty declined from 53.8% in 2005-06 to 16.4% by 2019-21," it said. The World Bank's Multidimensional Poverty Measure is at 15.5% in 2022-23. India's consumption-based Gini index improved from 28.8 in 2011-12 to 25.5 in 2022-23, though inequality may be underestimated due to data limitations. In contrast, the World Inequality Database shows income inequality rising from a Gini of 52 in 2004 to 62 in 2023. It said employment growth has outpaced the working-age population since 2021-22. Employment rates, especially among women, are rising, and urban unemployment fell to 6.6% in Q1 FY24/25, the lowest since 2017-18. "Recent data indicates a shift of male workers from rural to urban areas for the first time since 2018-19, while rural female employment in agriculture has grown," said the report.
The Print
25-04-2025
- Business
- The Print
World Bank endorses PM Modi's claim of reducing poverty in India
This in a way is an endorsement of Prime Minister Narendra Modi's poverty reduction claims. New Delhi [India], April 25 (ANI): Extreme poverty (living on less than USD 2.15 per day) fell from 16.2 percent in 2011-12 to 2.3 percent in 2022-23, lifting 171 million people in India above this line, according to a report by World Bank. Over the past decade, India has significantly reduced poverty. According to the Poverty & Equity Brief report of World Bank released earlier this week, rural extreme poverty dropped from 18.4 percent to 2.8 percent, and urban from 10.7 percent to 1.1 percent, narrowing the rural-urban gap from 7.7 to 1.7 percentage points–a 16 percent annual decline. Meanwhile, India also transitioned into the lower-middle-income category. Using the USD 3.65 per day lower-middle income category poverty line, poverty fell from 61.8 percent to 28.1 percent, lifting 378 million people out of poverty. Rural poverty dropped from 69 percent to 32.5 percent, and urban poverty from 43.5 percent to 17.2 percent, reducing the rural-urban gap from 25 to 15 percentage points with a 7 percent annual decline. The five most populous states–Uttar Pradesh, Maharashtra, Bihar, West Bengal, and Madhya Pradesh–accounted for 65 percent of the country's extreme poor in 2011-12 and contributed to two-thirds of the overall decline in extreme poverty by 2022-23. Nevertheless, these states still accounted for 54 percent of India's extremely poor (2022-23) and 51 percent of the multi-dimensionally poor (2019-21). As measured by the multidimensional poverty index (MPI), non-monetary poverty declined from 53.8 percent in 2005-06 to 16.4 percent by 2019-21. The World Bank's Multidimensional Poverty Measure is at 15.5 percent in 2022-23. According to the World Bank report, the employment growth has outpaced the working-age population since 2021-22. Employment rates, especially among women, are rising, and urban unemployment fell to 6.6 percent in Q1 2024-25, the lowest since 2017-18. 'Recent data indicates a shift of male workers from rural to urban areas for the first time since 2018-19, while rural female employment in agriculture has grown. Challenges persist: youth unemployment is 13.3 percent, increasing to 29 percent among tertiary education graduates. Only 23 percent of non-farm paid jobs are formal, and most agricultural employment remains informal,' the World Bank report read. 'Self-employment is rising, especially among rural workers and women. Despite a female employment rate of 31 percent, gender disparities remain, with 234 million more men in paid work,' it added. (ANI) This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content.
Times of Oman
25-04-2025
- Business
- Times of Oman
World Bank endorses PM Modi's claim of reducing poverty in India
New Delhi: Extreme poverty (living on less than $2.15 per day) fell from 16.2 percent in 2011-12 to 2.3 percent in 2022-23, lifting 171 million people in India above this line, according to a report by World Bank. This in a way is an endorsement of Prime Minister Narendra Modi's poverty reduction claims. Over the past decade, India has significantly reduced poverty. According to the Poverty & Equity Brief report of World Bank released earlier this week, rural extreme poverty dropped from 18.4 percent to 2.8 percent, and urban from 10.7 percent to 1.1 percent, narrowing the rural-urban gap from 7.7 to 1.7 percentage points--a 16 percent annual decline. Meanwhile, India also transitioned into the lower-middle-income category. Using the USD 3.65 per day lower-middle income category poverty line, poverty fell from 61.8 percent to 28.1 percent, lifting 378 million people out of poverty. Rural poverty dropped from 69 percent to 32.5 percent, and urban poverty from 43.5 percent to 17.2 percent, reducing the rural-urban gap from 25 to 15 percentage points with a 7 percent annual decline. The five most populous states--Uttar Pradesh, Maharashtra, Bihar, West Bengal, and Madhya Pradesh--accounted for 65 percent of the country's extreme poor in 2011-12 and contributed to two-thirds of the overall decline in extreme poverty by 2022-23. Nevertheless, these states still accounted for 54 percent of India's extremely poor (2022-23) and 51 percent of the multi-dimensionally poor (2019-21). As measured by the multidimensional poverty index (MPI), non-monetary poverty declined from 53.8 percent in 2005-06 to 16.4 percent by 2019-21. The World Bank's Multidimensional Poverty Measure is at 15.5 percent in 2022-23. According to the World Bank report, the employment growth has outpaced the working-age population since 2021-22. Employment rates, especially among women, are rising, and urban unemployment fell to 6.6 percent in Q1 2024-25, the lowest since 2017-18. "Recent data indicates a shift of male workers from rural to urban areas for the first time since 2018-19, while rural female employment in agriculture has grown. Challenges persist: youth unemployment is 13.3 percent, increasing to 29 percent among tertiary education graduates. Only 23 percent of non-farm paid jobs are formal, and most agricultural employment remains informal," the World Bank report read. "Self-employment is rising, especially among rural workers and women. Despite a female employment rate of 31 percent, gender disparities remain, with 234 million more men in paid work," it added.
