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Indian No Longer Home To The Largest No. of Poor

India is no longer home to the largest number of poor people in the world. Approximately 44 Indians escape extreme poverty, defined as living on less than $1.9 per day, every minute, one of the fastest rates of poverty reduction globally. By 2022, less than 3% of Indians are projected to live in extreme poverty, and extreme poverty in India could be eliminated altogether by 2030, according to a recent Brookings study. However, Indian and World Bank measurements of poverty reduction may differ in methodology.

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Vaibhav Gupta
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43 views1 page

Indian No Longer Home To The Largest No. of Poor

India is no longer home to the largest number of poor people in the world. Approximately 44 Indians escape extreme poverty, defined as living on less than $1.9 per day, every minute, one of the fastest rates of poverty reduction globally. By 2022, less than 3% of Indians are projected to live in extreme poverty, and extreme poverty in India could be eliminated altogether by 2030, according to a recent Brookings study. However, Indian and World Bank measurements of poverty reduction may differ in methodology.

Uploaded by

Vaibhav Gupta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Indian no longer home to the largest no.

of poor
In the time that it takes you to read this article, several Indians will have
escaped the clutches of extreme poverty. In fact, about 44 Indians
come out of extreme poverty every minute, one of the fastest rates of
poverty reduction in the world.

If present trends continue, India could drop to no.3 later this year.
Defining extreme poverty as living on less than $1.9 a day, a recent
study published in a Brookings blog says that by 2022, less than 3% of
Indians will be poor and extreme poverty could be eliminated
altogether by 2030.

The study, published in the ‘Future Development’ blog of Brookings,


says “At the end of May 2018, our target trajectories suggest that
Nigeria had about 87 million people in extreme poverty , compared
with Indian’s 73 million.

However, the estimates of extreme poverty reduction may not match


with Indian numbers on poverty because of differences in how poverty
is measured. According to World Bank data, between 2004 and 2011,
poverty declined in India from 38.9% of population to 21.2%.

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