Page 2 - Poverty

India lifted 171 mn people from extreme poverty between 2011-23: World Bank

India has lifted 171 million people from extreme poverty in the decade between 2011-12 and 2022-23, the World Bank said. "Over the past decade, India has significantly reduced poverty. Extreme poverty (living on less than USD 2.15 per day) fell from 16.2 per cent in 2011-12 to 2.3 per cent in 2022-23, lifting 171 million people above this line, the World Bank said in its Poverty & Equity Brief' on India. It added that rural extreme poverty dropped from 18.4 per cent to 2.8 per cent, and urban from 10.7 per cent to 1.1 per cent, narrowing the rural-urban gap from 7.7 to 1.7 percentage points a 16 per cent annual decline. The brief said that India also transitioned into the lower-middle-income category. Using the USD 3.65 per day LMIC poverty line, poverty fell from 61.8 per cent to 28.1 per cent, lifting 378 million people out of poverty. Rural poverty dropped from 69 per cent to 32.5 per cent, and urban poverty from 43.5 per cent to 17.2 per cent, reducing the rural-urban gap ...

India slashed extreme poverty to 2.3% in FY23, shows World Bank data

Using the $3.65 per day poverty line for lower- and middle-income countries (LMIC), poverty fell from 61.8 per cent to 28.1 per cent, lifting 378 million people out of poverty in India

UP to be prosperous in next 3 years by wiping out poverty: CM Adityanath

Chief Minister Yogi Adityanath on Saturday said Uttar Pradesh will emerge as a prosperous state in the next three years by eradicating poverty and his government will make the state's economy number one in the country. Addressing an event here, he attacked previous governments, saying they encouraged "one district, one mafia" while the BJP dispensation replaced it with "one district, one medical college". Adityanath thanked Prime Minister Narendra Modi and Union Home Minister Amit Shah for the passage of the Waqf (Amendment) Bill, 2025, in Parliament, claiming it would put a check on the "loot" being carried out in the name of the Waqf board. The Uttar Pradesh chief minister was in Maharajganj for the inauguration of the Rohin Barrage. He also laid the foundation stones of and inaugurated 629 developmental projects worth Rs 654 crore, according to the state government. "In the next three years, Uttar Pradesh will be established as a prosperous state by eradicating poverty. We will

Global economy growing but not fast enough to help ease poverty: World Bank

The global economy is growing steadily in the face of war, protectionist trade policies and high interest rates. It just isn't growing fast enough to bring relief to the world's poorest, the World Bank said Thursday in its latest assessment of the global economy. The bank expects the world economy to expand 2.7 per cent in 2025 and again in 2026. It's a remarkably consistent performance matching 2023 and 2024 but also a lackluster one. Growth is running 0.4 percentage points below the 2010-2019 average. The slump reflects lingering damage from the adverse shocks of recent years,' including COVID-19 and Russia's invasion of Ukraine. The bank's latest Global Economics Prospects report, which comes out in January and June, did offer some good news. Global inflation, which was running over 8 per cent two years ago, is expected to slow to an average of 2.7 per cent in 2025 and 2026, close to many central bank targets. The World Bank, comprising 189 member nations, seeks to reduce pover

The Great Indian Poverty Debate: Fresh estimates ignite new discussions

The decline in poverty at the national level, by 17.2 percentage points, however, would be considered very sharp during the period from 2011-12 to 2023-24

Make 2025 year of poverty-free villages, says Shivraj Singh Chouhan

Addressing a virtual review meeting with state rural development ministers, Chouhan said that few villages in every block could be identified for ideal implementation of all the schemes

Rural poverty ratio fell below 5% in FY24 for the first time: SBI Research

The report notes that this decline in the rural poverty ratio is due to higher consumption growth in the 0-5 per cent decile

Congress looted poor in name of poverty elimination, says PM Modi

PM Modi said, Congress always worked on the agenda of keeping the poor, poor

Brazil's G20 priorities align with those India had in 2024: Foreign secy

Misri added that the key priorities of Brazilian presidency are hunger and poverty, the same as India's concerns during its presidency

Haryana's per capita income at Rs 3 lakh, but 70% are below poverty line

Data shows that around 7.5 million people have fallen into poverty in the past two years. However, this figure may not fully reflect Haryana's poverty situation due to registration limitations

Zero poverty scheme: UP official meets 1st beneficiary in visit to villages

A family in Salauli village, around 17 km from Uttar Pradesh capital Lucknow, was selected as the first beneficiary of Chief Minister Yogi Adityanath's ambitious scheme to eradicate extreme poverty from the state. Chief Secretary Manoj Kumar Singh visited several villages before talking a decision on the family that will be eligible for the UP government's 'Zero Poverty Scheme'. He travelled only with his wife and without his usual entourage to identify the beneficiaries, a statement issued on Saturday said. "His search ended in Gosaiganj, Lucknow, where he met a family who truly needed support. Engaging in a heartfelt conversation, he extended Diwali greetings, presenting them with sweets and gifts," the statement read. 'Zero Poverty Scheme' aims to the eliminate extreme poverty in Uttar Pradesh by identifying 25 lakh underprivileged families across Uttar Pradesh, enabling them to access government benefits and boost their annual income to Rs 1,25,000 per family, it said. A statew

India among 5 nations with largest number of people living in poverty: UN

India is among the five countries globally with the largest number of people living in poverty, according to the UN report that said 1.1 billion people, over half of them minors, live in acute poverty worldwide. The latest update of the global Multidimensional Poverty Index (MPI) was released on Thursday by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) based at the University of Oxford. It said that 1.1 billion people live in acute poverty worldwide, with 40 per cent living in countries experiencing war, fragility and/or low peacefulness, according to at least one of the three widely used datasets of conflict settings. India has 234 million people living in poverty, which is medium Human Development Index, placing the country among five globally with the largest number of people living in poverty. The other four countries are Pakistan (93 million), Ethiopia (86 million), Nigeria (74 million) and the Democratic Republi

How long will people of Chhattisgarh remain poor: Min defends coal mining

Chhattisgarh Forest and Climate Change Minister Kedar Kashyap has defended coal mining and other developmental projects in the state, saying these are essential for improving the living standards of the people. In an interview with PTI, Kashyap also said that the state government will ensure strict implementation of the law in response to the Centre's recent directions to expedite the relocation of villages from core areas in tiger reserves. Asked about protests against tree felling for a coal project in the biodiversity-rich Hasdeo Aranya forest, the minister acknowledged that some people have opposed coal and other development projects but stressed that most have supported these. "How long will the people of this resource-rich region remain poor? Development and energy are equally important. People need jobs. Yes, if trees are cut, it is our responsibility to compensate for that loss. We must also ensure that the health and livelihoods of affected communities are protected," he ..

China to give one-off cash handouts for poor people in rare use of aid

While amount is unknown, deployment of one-time handouts within such a short period of time appears to be a departure for a government that has long eschewed what President Xi Jinping calls welfarism

Assam's 3rd poverty alleviation scheme launched for 372K beneficiaries

The Assam government on Thursday rolled out the third edition of its flagship poverty alleviation scheme 'Orunodoi', covering 37.2 lakh beneficiaries for direct cash transfer. The 'Orunodoi 3.0' has upped the number of beneficiaries by over 12.5 lakh people across the state from 24.6 lakh recipients of the second edition of this scheme, and thus became the largest state-run DBT initiative in Assam ever. During the day, Chief Minister Himanta Biswa Sarma launched the process of distributing Orunodoi Cards to new beneficiaries at a programme held here. The scheme, which is designed to empower women members of poor families, will deposit Rs 1,250 per month directly to their bank accounts on the 10th day of every month. "As substantial time has elapsed since its first launch, it has become essential to update information and implement the scheme with improved standards and procedures. Therefore, it has become vital to phase out Orunodoi 1.0 and Orunodoi 2.0, without transferring any ..

US inflation-adjusted income rose in 2023 while poverty rate edged up: Data

Employment growth averaged around 250,000 new nonfarm payroll jobs a month over the course of 2023, well above the 183,000 average over the decade preceding the pandemic

Activists criticise high cost of Pope Francis' visit to 'poor' East Timor

East Timor pulled out all stops for Pope Francis' historic visit to one of the world's youngest and poorest countries to the tune of USD 12 million, drawing rebuke from activists and human rights organisations in a nation where almost half the population lives in poverty. The cost for the two-day visit starting Monday was approved by the government through the Council of Ministers in February, including USD 1 million to build an altar for a papal Mass. Walls were still being dabbed with fresh paint and banners and billboards filled the streets of the seaside capital, Dili, to welcome the pontiff, who earlier visited Indonesia and Papua New Guinea. About 42 per cent of East Timor's population of 1.3 million live below the poverty line, according to the UN Development Programme. Unemployment is high, job opportunities in the formal sector are generally limited and most people are subsistence farmers with no steady income. The country's budget for 2023 was USD 3.16 billion. The ...

India progresses in feeding people, has miles to go to meet target

Despite improvement, one in four of the world's undernourished live in the country

Here's how smartphones became India's superhero in fight against poverty

'India has been able to lift 800 million people out of poverty over the past five to six years simply by the use of smartphones,' said UNGA President Dennis Francis

India lifted 800 mn people out of poverty 'simply by smartphone': UNGA prez

He highlighted how people in rural areas of India, are able to make payments and pay bills just on the touch of a smartphone