129 million Indians live in extreme poverty in 2024, according to a World Bank report.

International

The World Bank's "Poverty, Prosperity, and Planet Report 2024: Pathways Out of the Polycrisis" shows that in India, 129 million people live in extreme poverty, surviving on less than ₹180 (about $2.15) a day.


      - This number has dropped significantly from 431 million in 1990, but challenges still exist, especially due to population growth and a higher poverty line for middle-income countries.

      - People are considered extremely poor if they earn less than ₹180 ($2.15) each day.

      - Less than 1% of the population aged 15 and above has no formal education, indicating a direct link between education levels and poverty rates.

Main Points:-   (i) By the end of the decade, extreme poverty in India is expected to drop below 3%, which could mean a smaller share of global extreme poverty for the country.

      (ii) In 2021, 38 million fewer people were reported as living in poverty compared to previous years, thanks to growth in Gross Domestic Product (GDP) per capita.

(iii) Approximately 3.5 billion people (44% of the global population) live below the upper middle-income poverty line of $6.85 per day, a figure that has largely remained unchanged since the 1990s due to population growth.

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