City
Epaper

UN praises India's 'remarkable' poverty reduction

By ANI | Updated: July 11, 2023 16:50 IST

New Delhi [India], July 11 : A total of 415 million people in India came out of poverty within ...

Open in App

New Delhi [India], July 11 : A total of 415 million people in India came out of poverty within a span of just 15 years from 2005/2006 to 2019/ 2021, the United Nations said on Tuesday highlighting the remarkable improvement in human development parameters by the world's most populous country.

The latest update of the global Multidimensional Poverty Index (MPI) with estimates for 110 countries was released today by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford.

Poverty entails more than the lack of income and productive resources to ensure sustainable livelihoods. People living on less than USD 1.90 a day typically is considered to be in poverty.

Besides India, China lifted 69 million out of poverty between 2010-2014, and Indonesia 8 million between 2012-2017.

In neighbouring Bangladesh and Pakistan, 19 million and 7 million individuals came out of poverty during 2015-2019 and 2012-2018, respectively, the UN report said.

The report asserted that poverty reduction is achievable. The analysis of trends from 2000 to 2022, focused on 81 countries, according to the report, revealed that 25 countries successfully halved their global MPI values within 15 years. Many countries have halved their MPI in as short as four to 12 years.

Among those countries include India, Cambodia, China, Congo, Honduras, Indonesia, Morocco, Serbia, and Viet Nam, it said, reiterating rapid progress is attainable.

The poverty levels in Cambodia, Peru, and Nigeria have shown significant reductions recently. For Cambodia, the most encouraging case among these according to the report is the incidence of poverty falling from 36.7 per cent to 16.6 per cent, and the number of poor people halved, from 5.6 million to 2.8 million, all within 7.5 years, including pandemic years.

Despite the encouraging trends in many countries, the lack of post-pandemic data for most of the 110 countries covered by the global MPI restricts analysis of the pandemic's effects on poverty, the report pointed out.

"As we reach the midpoint of the 2030 Agenda for Sustainable Development, we can clearly see that there was steady progress in multidimensional poverty reduction before the pandemic. However, the negative impacts of the pandemic in dimensions such as education are significant and can have long-lasting consequences," said Conceicao, Director of the Human Development Report Office.

"It is imperative that we intensify efforts to comprehend the dimensions most negatively affected, necessitating strengthened data collection and policy efforts to get poverty reduction back on track."

According to the report, 1.1 billion out of 6.1 billion people (over 18 per cent) globally live in acute multidimensional poverty across 110 countries. Sub-Saharan Africa (534 million) and South Asia (389 million) are home to approximately five out of every six poor people.

Nearly two-thirds of all poor people (730 million people) live in middle-income countries, making "action in these countries vital for reducing global poverty".

Although low-income countries constitute only 10 per cent of the population included in the MPI, they are, however, where 35 per cent of all poor people reside.

Among those living in poverty, children under 18 years old account for half (566 million). The poverty rate among children is 27.7 per cent, while among adults it is 13.4 per cent.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: United NationsUnited nations development programmeViet namasiaNikkei Asian ReviewChannel News AsiaNew DelhiAir Asia IndiaAsia IndiaUnited Nations World Food ProgrammeUnited Nations Food And Agriculture OrganisationAsian Development BankSoutheast Asia
Open in App

Related Stories

InternationalUS Government Shutdown: US Embassy in India’s X Account to Pause Regular Updates Until Full Operations Resume

CricketIND-W vs AUS-W, 3rd ODI: Australia Women Win Toss, Opt to Bat Against India in Series Decider; Check Playing XIs

CricketWhy Is India Women’s Cricket Team Wearing a Pink Jersey in IND-W vs AUS-W 3rd ODI 2025 Match?

CricketIND-W vs AUS-W 3rd ODI LIVE Cricket Streaming: When and Where to Watch India Women vs Australia Women Final Match

NationalDelhi: 8 Accused in Vehicle Theft Cases Arrested During Police Patrolling, Stolen Scooters and Bikes Recovered

Business Realted Stories

BusinessIndia-EFTA trade pact a defining moment in India’s economic engagement with Europe

BusinessIf external headwinds remain and growth starts to decelerate, MPC likely to cut rates in December: Report

BusinessGovt calls for proposals under PRIP scheme for projects worth Rs 11,000 crore

BusinessNational Pension System delivered over 13% annual returns in equity schemes: FM Sitharaman

BusinessBOK calls for close monitoring of inflation amid external uncertainty