27.1% to 2.6%: India sees one of world’s fastest poverty declines, but there’s a catch

How 1 sources are covering this

• Times of IndiaLean R·1h ago

  27.1% to 2.6%: India sees one of world’s fastest poverty declines, but there’s a catch

  The World Bank currently defines the international extreme poverty line at $3.00 per person per day in 2021 purchasing power parity (PPP) terms. According to the World Poverty Clock, extreme poverty may be considered eliminated when the poverty headcount ratio falls below 3%. With the World Bank estimating India’s extreme poverty rate at about 2% in 2024, India can, on this measure, be considered to have crossed that threshold.

  Read at Times of India →