27.1% to 2.6%: India's poverty decline significant, 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...
Key Takeaways
- 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.
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.
Original Publisher Attribution
This summary was curated from Times of India.