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LATEST NEWS UPDATES | India witnessed sharp decline in poverty with 12.3 percentage points between 2011-2019. Details here

India witnessed sharp decline in poverty with 12.3 percentage points between 2011-2019. Details here

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published Published on Apr 18, 2022   modified Modified on Apr 18, 2022

-Livemint.com

Poverty reduction was higher in rural areas compared to urban India as rural poverty declined from 26.3% in 2011 to 11.6% in 2019, while in urban areas the decline was from 14.2% to 6.3% during the corresponding period, as per report

Spelling some relief for the country's prosperity, India's extreme poverty declined 12.3 percentage points lower in 2019 than in 2011 as poverty headcount rate has dropped from 22.5% in 2011 to 10.2% in 2019 with comparatively sharper decline in rural areas, a working paper of the World Bank policy research said.

The findings came close on the heels of a working paper published by the International Monetary Fund (IMF) saying India has almost eradicated extreme poverty and brought down consumption inequality to its lowest levels in 40 years through state-provided food handouts, as per Hindustan Times report. Poverty reduction was higher in rural areas compared to urban India as rural poverty declined from 26.3% in 2011 to 11.6% in 2019, while in urban areas the decline was from 14.2% to 6.3% during the corresponding period, the report said. 

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Livemint.com, 18 April, 2022, https://www.livemint.com/news/india/india-witnessed-sharp-decline-in-poverty-with-12-3-percentage-points-between-2011-2019-details-here-11650249826699.html


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