The Niti Aayog recently released its National Multidimensional Poverty Index 2023, according to which the poverty headcount ratio declined from 24.85 percent in 2015-16 to 14.96 percent in 2019-21. In absolute numbers this translates to 135 million people exiting multidimensional poverty in this time period. In addition, a few days earlier, the United Nations Development Programme (UNDP) released its own Multidimensional Poverty Index, which in a press note said that,...
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Poverty and inequality
KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
More »India’s 20 Largest Profit Generators Are Earning 80% Of the Nation’s Profits - Nandita Rajhansa, Saurabh Mukherjea
A decade ago, this figure was around 40%. This is leading to an increasingly polarised stock market - Marcellus/The Wire The United Payments Interface and the digitisation of business activity in India are one of the several factors driving an exponential surge in the concentration of corporate profitability in India. Improvements in transport infrastructure (e.g., the highway network has doubled over the past decade), the introduction of GST (in 2017) and new...
More »With No Aadhaar Card, More Than 19 Lakh Students May Miss Mid-Day Meals In Maharashtra -Sarasvati NT
-Medianama.com Due to issues related to their Aadhaar data, 59 lakh school students in Maharashtra may lose out on availing mid-day meal services. 59 lakh school students in Maharashtra may lose out on availing services such as mid-day meals, and free uniforms and books due to issues related to their Aadhaar data, according to a report by the Hindustan Times. Of these, over 19 lakh students in the state do not have...
More »Indian cities need $840 bn infra investment till 2036: World Bank
-Livemint.com By 2036, 600 million people will be living in urban cities in India, representing 40% of the population and this is likely to put additional pressure on the already stretched urban infrastructure and services of Indian cities, New Delhi: Indian cities will require an investment of $840 billion in the areas of infrastructure and municipal services till 2036 to meet the needs of its fast-growing urban population, said a report by...
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