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LATEST NEWS UPDATES | Indians Account for 80% of Those Who Became Poor Globally in 2020 Due to COVID-19: World Bank -Vikram Mukka

Indians Account for 80% of Those Who Became Poor Globally in 2020 Due to COVID-19: World Bank -Vikram Mukka

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published Published on Oct 8, 2022   modified Modified on Oct 10, 2022

-TheWire.in

In its latest report 'Poverty and Shared Prosperity 2022: Correcting the Course', the World Bank flagged concerns over how the lack of official data on poverty from India affects the world in drawing up global poverty estimates.

New Delhi: A study by the World Bank has concluded that nearly 80% of people who slipped into poverty in 2020 due to the COVID-19 pandemic hailed from India. Out of 7 crore people globally who became poor that year due to economic losses caused by the pandemic, Indians accounted for 5.6 crore.

Globally, extreme poverty levels went up to 9.3% in 2020 compared to 8.4% in 2019, halting the progress made by poverty alleviation programmes worldwide for the first time in decades. In absolute numbers, 7 crore people were additionally pushed into extreme poverty by the end of 2020, increasing the global total of poor to over and above 70 crore.

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TheWire.in, 8 October, 2022, https://thewire.in/economy/indians-account-for-80-of-those-who-became-poor-globally-in-2020-due-to-covid-19-world-bank


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