TestCloud
Prep • Practice • Perform
Log In

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

International | Dated: 22 Oct 2024

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.

🎯 Key Highlights:

  • - 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.

💡 Other Important Facts:

  • (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.

📚 Test Your Knowledge:

According to the World Bank report, how many Indians live in extreme poverty in 2024?

Correct Answer: 129 million

🚀 Quick Recap: