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.