27.1% to 2.6%: India's poverty decline significant, but there’s a catch
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The World Bank currently defines the international extreme poverty line at $3.00 per person per day in 2021 purchasing power parity (PPP) terms. According to the World Poverty Clock, extreme poverty may be considered eliminated when the poverty headcount ratio falls below 3%. Wit...
The World Bank currently defines the international extreme poverty line at $3.00 per person per day in 2021 purchasing power parity (PPP) terms. According to the World Poverty Clock, extreme poverty may be considered eliminated when the poverty headcount ratio falls below 3%. With the World Bank estimating India’s extreme poverty rate at about 2% in 2024, India can, on this measure, be considered to have crossed that threshold.
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https://timesofindia.indiatimes.com/business/india-business/27-1-to-2-6-india-records-one-of-worlds-fastest-poverty-declines-its-significant-but-theres-a-catch/articleshow/135805972.cms
