Indian Economy
Poverty in India
Overview
Poverty in India remains a major challenge in the country. The country has used an income of ₹32 (33¢ US) per day as poverty-line which in turn has faced criticism for being too low. According to the World Bank, India experienced a significant decline in the extreme poverty, from 22.5% in 2011 to 10.2% in 2019. A working paper of the bank said rural poverty declined from 26.3% in 2011 to 11.6% in 2019. The decline in urban areas was from 14.2% to 6.3% in the same period. The poverty level in rural and urban areas went down by 14.7 and 7.9 percentage points, respectively. According to United Nations Development Programme administrator Achim Steiner, India lifted 271 million people out of extreme poverty in a 10-year time period from 2005–2006 to 2015–2016. A 2020 study from the World Economic Forum found "Some 220 million Indians sustained on an expenditure level of less than Rs 32 / day—the poverty line for rural India—by the last headcount of the poor in India in 2013."
Source: Wikipedia — Poverty in India (CC BY-SA)
Key concepts
How Poverty in India connects to the ideas, people and events around it.
The World Economic Forum (WEF) is an international advocacy non-governmental organization and think tank, based in Cologny, Canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer Klaus Schwab.
The poverty threshold, poverty limit, poverty line, or breadline is the minimum level of income deemed adequate in a particular country.
The International Comparison Program is a partnership of various statistical administrations of up to 199 countries guided by the World Bank.
In the United Nations, the Millennium Development Goals (MDGs) were eight goals for international development by the year 2015 created following the Millennium Summit, following the adoption of the United Nations Millennium Declaration.
The British Raj was the period of rule of the British Crown on the Indian subcontinent, lasting from 1858 to 1947. It is also called Crown rule in India, or direct rule in India.
Famine has been a recurrent feature of life in the Indian subcontinental countries of India, Pakistan and Bangladesh, most commonly cited as a feature of British rule.
Suresh D. Tendulkar was an Indian economist and former chief of the National Statistical Commission.
Chakravarthi Rangarajan is an Indian economist, a former Member of Parliament and 19th governor of the Reserve Bank of India. He is the former chairman of the Prime Minister's Economic Advisory Council; he resigned the day the UPA lost power.
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Questions about Poverty in India
What is Poverty in India?
Poverty in India remains a major challenge in the country. The country has used an income of ₹32 (33¢ US) per day as poverty-line which in turn has faced criticism for being too low. According to the World Bank, India experienced a significant decline in the extreme poverty, from 22.5% in 2011 to 10.2% in 2019. A working paper of the bank said rural poverty declined from 26.3% in 2011 to 11.6% in 2019.
What are the key concepts related to Poverty in India?
The main concepts connected to Poverty in India include World Economic Forum, Poverty threshold, International Comparison Program, Millennium Development Goals, British Raj, Famine in India, Suresh Tendulkar, C. Rangarajan. Each is linked on the map above with its own summary.
Which exams cover Poverty in India?
Poverty in India is part of Indian Economy, which appears in the syllabus of UPSC CSE, UPSC CAPF, NDA, CDS, AFCAT, SSC CGL and 58 more exams.