New Delhi: A report published by a UN agency revealed that India reported remarkable reduction in poverty rate. The 2024 Asia-Pacific Human Development Report published by the United Nations Development Programme (UNDP) has revealed this.
As per the report, poverty rates (based on the international poverty measure of $2.15 per day) plummeted from 40 to 10 per cent between 2004 and 2019. The share of the population living in multidimensional poverty fell from 25 to 15 per cent between 2015-16 and 2019-21. The per capita income climbed from $442 to $2,389 between 2000 and 2022.
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The report titled ‘Making our Future: New Directions for Human Development in Asia and the Pacific’ also claimed that India has emerged among top countries with high income and wealth inequality . The report revealed that poverty remains persistently concentrated in states that are home to 45% of the country’s population but contain 62% of its poor.
The report also pointed out that India is contributing significantly to the growth in the global middle class. As per the report, middle class encompasses people living between $12 and $120 a day. India is expected to contribute 24% to the global middle-class growth (192 million people).
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