Page 3 - Poverty In India

Development debate

The policy must now go beyond poverty numbers

Wealth of 5 richest men doubled since 2020; 5 bn people now poorer: Oxfam

Fortunes of five richest men have more than doubled since 2020 and the world could have its first-ever trillionaire in just a decade while it would take more than two centuries to end poverty, rights group Oxfam said on Monday. Releasing its annual inequality report on the first day of the World Economic Forum (WEF) Annual Meeting here, Oxfam said seven of 10 of the world's biggest corporations have a billionaire as a CEO, or principal shareholder. It further said that 148 top corporations made USD 1.8 trillion in profits, 52 per cent up on three-year average, and dished out huge payouts to rich shareholders, while hundreds of millions faced cuts in real-term pay. Oxfam called for a new era of public action, including public services, corporate regulation, breaking up monopolies and enacting permanent wealth and excess profit taxes. The world's five richest men have more than doubled their fortunes from USD 405 billion to USD 869 billion since 2020 "at a rate of USD 14 million per

In 9 years, 248 mn moved out of multidimensional poverty: NITI Aayog

The paper estimated that the share of multidimensional poor in the Indian population declined sharply to 11.28 per cent in 2022-23, from 29.17 per cent in 2013-14

Over 248 mn Indians moved out of poverty in last 9 years: NITI report

As many as 24.82 crore people moved out of multidimensional poverty in nine years from 2013-14 to 2022-23, with Uttar Pradesh, Bihar, and Madhya Pradesh registering the largest decline, NITI Aayog said in a report on Monday. Multidimensional poverty is measured by improvement in health, education, and standard of living, it said. According to the NITI discussion paper, multidimensional poverty in India was found to have declined from 29.17 per cent in 2013-14 to 11.28 per cent in 2022-23, with about 24.82 crore people moving out of this bracket during this period. The national multidimensional poverty measures simultaneous deprivations across three equally weighted dimensions of health, education, and standard of living that are represented by 12 sustainable development goals-aligned indicators, according to NITI Aayog. These include nutrition, child and adolescent mortality, maternal health, years of schooling, school attendance, cooking fuel, sanitation, drinking water, electrici

'Discontents' notwithstanding, India has done well in last quarter century

While India should be concerned about disparities, the fact is that whereas three decades ago about half the people had incomes greater than $2.15 a day, today seven out of eight do, writes T N Ninan

Inequality a relative concept; absolute poverty India's urgent concern: CEA

The CEA notes that for a developing country such as India, where the growth potential is high and the scope for poverty reduction is also significant

PM Modi emphasises empowering those in need through housing, gas cylinders

Prime Minister Narendra Modi Sunday mocked the Congress' slogan of 'garibi hatao' (remove poverty) and said the poor feel empowered and confident when they get a pucca house and gas cylinders for their homes. A poor now says that the day he got a gas cylinder stove in his house the difference between then rich and the poor ended for him, Modi said, addressing the Viksit Bharat Sankalp Yatra here. He termed the yatra his own "examination" and a feedback mechanism to learn directly from people if welfare schemes meant for them is reaching them. "The Viksit Bharat Sankalp Yatra is in a way my 'kasauti' (test) also,' Modi said. "It is my examination... whether whatever I had said and whatever I am doing, I want to hear from you and from the entire country whether it has happened in the right proportion. Whether it has been done for the person for whom it was intended to, and whether the work which was to be done, has happened or not." Referring to former prime minister Indira Gandhi's

Capitalism based on free market only solution to alleviate poverty: Murthy

Murthy said that over the years, he has transformed from a 'confused leftist' to a 'determined compassionate capitalist'

A grainy picture: Tough to measure Covid's impact on poverty without data

The impact of the pandemic on pov­erty and inequality in India has been a contested issue in the absence of govern­ment data

Bihar's poverty problem

Condition will not improve by increasing reservations

Poverty in India eased in '21, but was above '18 level: World Bank data

World Bank data shows poverty shot up to 176 mn in 2019 from 152 mn in 2018

Poverty declines, but battle not over

Persisting challenges in nutrition, education and sanitation in many districts underscore the need for a bottom-up effort to eradicate deprivation

Multidimensional poverty estimates: Is India measuring poverty accurately?

Multidimensional poverty index measures poverty on the basis of parameters such as nutrition, child and adolescent mortality, and maternal health, among others

TMS Ep479: MDI, privatisation drive stalled, jewellery stocks, and more

What does multidimensional poverty report mean for India? Why has the government's privatisation drive stalled? Will stocks of gold jewellery retailers sustain their rally? What are sponge cities?

135 million escaped poverty in five years, says NITI Aayog report

The report also highlighted that the Centre's welfare support during the peak of the Covid pandemic helped reduce the incidence of multidimensional poverty

135 mn people moved out of poverty in India in 5 years: Niti Aayog

As many as 13.5 crore people in five years ended March 2021 moved out of multidimensional poverty, measured by improvement in health, education and standard of living, with Uttar Pradesh, Bihar and Madhya Pradesh registering the fastest reduction, said a Niti Aayog report on Monday. India has registered a significant decline of 9.89 percentage points in the number of India's multidimensionally poor from 24.85 per cent in 2015-16 to 14.96 per cent in 2019-2021, according to the second edition of the National Multidimensional Poverty Index (MPI). While rural areas witnessed the fastest decline in poverty from 32.59 per cent to 19.28 per cent, urban areas saw a reduction in poverty from 8.65 per cent to 5.27 per cent. "A record 13.5 crore people moved out of multidimensional poverty between 2015-16 and 2019-21," said the report 'National Multidimensional Poverty Index: A Progress Review 2023' released by Suman Bery, Vice-Chairman, Niti Aayog. The National MPI measures simultaneous ...

415 million Indians lifted out of poverty in 15 years: UNDP report

Those at the bottom of the pyramid are among those seeing the most progress, says UNDP report

India registers poverty reduction with 415 mn coming out in 15 years: UN

A total of 415 million people moved out of poverty in India within just 15 years from 2005/2006 to 2019/2021, the UN said on Tuesday, highlighting the remarkable achievement by the world's most populous nation. The latest update of the global Multidimensional Poverty Index (MPI) was released by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford. It said that 25 countries, including India, successfully halved their global MPI values within 15 years, showing that rapid progress is attainable. These countries include Cambodia, China, Congo, Honduras, India, Indonesia, Morocco, Serbia, and Vietnam. In April, India surpassed China to become the world's most populous nation with 142.86 crore people, according to UN data. "Notably, India saw a remarkable reduction in poverty, with 415 million people exiting poverty within a span of just 15 years (2005/619/21)," the report said. The report demonstrate

Mental illness treatment pushes 20% Indian households into poverty: Study

Critical need to provide financial risk protection to reduce the monetary impact of health care expenditure on mental illness among households in India, says paper

India's population, poverty and consumption data delayed in govt record

Political manipulation in data releases and a weakened data infrastructure are primary reasons for these delays, experts say