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

-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...

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World Bank cuts India’s GDP forecast to 6.5%, but there's some positive news too -Harshit Sabarwal

-Hindustan Times In its South Asia Economic Focus report released on Thursday, the World Bank said, “The spillovers from the Russia-Ukraine war and global monetary policy tightening will continue to weigh on India’s economic outlook.” The World Bank on Thursday downgraded India's GDP or gross domestic product to 6.5% for the fiscal year 2022-23 from an earlier estimate of 7.5%. In the previous year, the Indian economy grew by 8.7%. In its South...

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Indian Fact-Checker Duo Among Choices For Nobel Peace: TIME Report - Samiran Mishra

-NDTV.com According to Time, the co-founders of fact-check site AltNews, Mohammed Zubair and Pratik Sinha, are among those who could be considered to win the Nobel Prize. New Delhi: Fact-checkers Mohammed Zubair and Pratik Sinha have been listed among popular choices to win the 2022 Nobel Peace Prize by Time magazine. According to Time, the co-founders of fact-check site AltNews, Mr Sinha and Mr Zubair, are among those who could be considered to...

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5.6 crore Indians plunged into poverty in 2020, says World Bank

-Scroll.in Data from a survey conducted by think tank CMIE had to be used as India has not published official figures since 2011, the financial body said. A total of 5.6 crore Indians slipped into poverty in the pandemic year of 2020, the World Bank said in a report on Wednesday, citing data from a household survey conducted by think tank Centre for Monitoring Indian Economy. The findings of the Consumer Pyramids Household...

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