World bank on india: According to the latest data of the World Bank, as an important achievement under Prime Minister Narendra Modi’s government, India has made progress in reducing its excessive poverty rate in the last decade. The excessive poverty rate in the country has been reduced from 27.1 percent to 5.3 percent in 2022-23 in 2011-12.
A total of 344.47 million people in India were living in extreme poverty during 2011-12, which has come down to about 75.24 million people during 2022-23.
According to World Bank data, 269 million persons were taken out of extreme poverty in about 11 years as a significant progress in India.
Uttar Pradesh, Maharashtra, Bihar, West Bengal and Madhya Pradesh used to live 65 percent of India’s very poor people during 2011-12. At the same time, these states contributed two-thirds of the total decline in excessive poverty by 2022-23.
What was the scale of poverty measurement?
The latest data of the World Bank suggests that the number of people living in excessive poverty has come down from 344.47 million to only 75.24 million. Its assessment is based on three dollars per day international poverty line (using 2021 prices), indicating a widespread decrease in both rural and urban areas.
According to World Bank estimates, on $ 2.15 per day consumption (Back Poverty Line based on 2017), Indians living in excessive poverty are 2.3 percent, which is much lower than 16.2 percent recorded in 2011-12.
According to the latest data, the number of people living below $ 2.15 per day in 2022 was recorded at 33.66 million, which was recorded at 205.93 million in 2011.
Poverty decreased in villages and cities
Statistics also showed that this rapid decline was equally seen, in which rural excessive poverty declined from 18.4 percent to 2.8 percent and urban excessive poverty declined from 10.7 percent to 1.1 percent in the last 11 years. Apart from this, India has also made great progress in reducing multidimensional poverty.
According to the data, the multi-faceted poverty index (MPI) declined from 53.8 percent in 2005-06 to 16.4 percent by 2019-21 and declined further to 15.5 percent in 2022-23.
Focus on removal of poverty in 11 years
On the completion of 11 years of the BJP -led NDA government at the Center, Prime Minister Modi described the focus on important steps, infrastructure and inclusion taken by the Center to get people out of poverty.
Initiatives like PM Awas Yojana, PM Ujjwala Yojana, Jan Dhan Yojana and Ayushman Bharat have increased access to housing, clean cooking fuel, banking and healthcare.
Direct benefits transfer (DBT), digital inclusion and strong rural infrastructure have ensured transparency and rapid delivery of benefits to the end, which has helped over 25 crore people to overcome poverty.