RBI ESINABARD ESISEBI
In one line
Context:
In FY24, rural poverty declined to below 5% for the first time; this decline can be attributed to higher consumption growth in the 0% fractile, a shift from the 51% fractile in FY23 to the 5% fractile in FY24.
Key Findings:
- Government schemes such as DBT have led to a huge reduction in the rural-urban poverty gap.
- The new poverty line for FY24 is around ₹1,632 per month in rural areas and ₹1,944 in urban areas.
- Now that the overall poverty rate might be in the range of 44.5%, the proportion of the population living below the poverty line could be reflected.
- High and sharply increasing inflation, especially on food items, which have eaten into the share of spending on food, underpinned deteriorating consumption, especially in low-income rural states.
The Global Multidimensional Poverty Index (MPI)
The Global Multidimensional Poverty Index (MPI) is a joint publication by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI).
- 1.1 billion people out of 6.3 billion are living in 112 countries facing poverty.
- India’s Position
- India’s poverty rate declined from 55.1% in 2005-06 to 16.4% in 2019-21.
- The five countries with the highest poverty rates are India (234 million), Pakistan (93 million), Ethiopia (86 million), Nigeria (74 million), and the Democratic Republic of the Congo (66 million).
- Together, these countries account for 48.1% of the total 1.1 billion poor people.
Global Hunger Index
- India’s Position
- India has been positioned at 105th place, among 127 Countries
- Published By
- Concern Worldwide and Welthungerhilfe
