12.3 percentage point decline in extreme poverty

12.3 percentage point decline in extreme poverty

Daily Current Affairs   /   12.3 percentage point decline in extreme poverty

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Category : Business and economics Published on: April 19 2022

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  • Poverty in India is 12.3 percentage points lower in 2019 as compared to 2011. The poverty headcount rate has declined from 22.5 percent in 2011 to 10.2 percent in 2019.
  •  According to policy research working paper of World Bank, Poverty reduction was higher in rural areas as compared to urban India. 
  • Rural poverty dropped by 14.7 percent while urban poverty declined by 7.9 percentage points during 2011 to 2019.
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