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...
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Various estimates point towards one conclusion – the number of poor Indians swelled in 2020
The newly released World Bank report has estimated that the number of extremely poor people globally went up by nearly 71 million in the year 2020 as compared to 2019 — a 11 percent increase. Between 2019 and 2020, the number of poor swelled by around 56 million in India. It means that about 79 percent of the total people globally who slipped into poverty during the first year of...
More »Poorer India: Editorial on World Bank data on poverty line
-The Telegraph According to a recent estimate, about 80 per cent of the 70 million people who slipped below the poverty line worldwide during the pandemic were from India Poverty numbers can be confusing as they depend on the choice of the poverty line and the statistical method of estimation. These may result in differences in the results arrived at. The latest data from the World Bank show that for South Asia...
More »56 mn Indians may have turned poor in 2020 due to pandemic: World Bank -Asit Ranjan Mishra
-Business Standard "The global goal of ending extreme poverty by 2030 is likely to be missed: by then, about 600 million people will remain in abject poverty. A major course correction is needed," Indermit Gill said. About 56 million Indians may have plunged into extreme poverty in 2020 as a result of the pandemic, increasing the global tally by 71 million and making it the worst year for poverty reduction since World...
More »Is India No More World's 3rd Largest Economy? A FactCheck -Mohammed Kudrati
-BOOMLive.in A graphic misleadingly compares India's economic size to its economic growth rate to convey the economy being in bad shape A viral graphic stating that India has fallen from the third largest economy in the world in 2011 to the 164th fastest growing economy out of 193 countries in 2021, is misleading. This is due to two reasons. First, the graphic makes an apple to oranges comparison as it compares India's position...
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