India tops UN Development Program 2023 list of high-income, wealth-rich countries
International
India has emerged among the top countries with high income and wealth inequality, but the share of the population living in multidimensional poverty fell from 25 to 15 per cent between 2015-16 and 2019-21, UNDP said in a new report. In India, between 2000 and 2022, per capita income is expected to increase from US$442 to US$2,389. Whereas, between 2004 and 2019, the poverty rate fell from 40 to 10 percent. The new report, titled 'New directions for human development in Asia and the Pacific', argues that unfulfilled aspirations, growing human insecurity and a potentially more turbulent future create an urgent need for change. Furthermore, many others are extremely There are vulnerable, who are living below the poverty line. Groups most at risk of slipping back into poverty include women, informal workers and interstate migrants.'' The report said women constitute only 23 per cent of the labor force. Amid rapid growth but persistent inequality, income distribution is more It has become odd.
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