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Hello guys, I was surprised to know that there wasn't any thread about this on DFI while in porkies cried for about two weeks on the topic that after increasing the poverty line level in 2014(1.9$ a day) when World Bank had a survey of poverty, Indian poverty had massively reduced to 12.4%
while porkies had again something happened like literacy rate (their poverty level increased to 22%).
India has reduced its poverty rate to
12.4% from the 2011-12 estimate of
21%, according to new data released
by World Bank, which identified
rural electrification as an important
driving factor for everything from
greater rural spending to schooling
for girls.
Against the earlier estimate of 269
million people living below the
poverty line, according to
government data, India now has 172
million people, although the World
Bank revised the line upwards.
The global poverty line is the ability
to live on $1.90 (Rs 123.5) per day,
up from $1.25 (Rs 81). The change
was made to reflect differences in
cost of living across countries based
on 2011 prices–in other words, to
adjust for inflation and other
economic variables. Here is a good
explanation of why the Bank changed
the definition of who is poor.
“The new global poverty line is set at
$1.90 using 2011 prices. Just over 900
million people globally lived under
this line in 2012 (based on the latest
available data), and we project that
in 2015, just over 700 million are
living in extreme poverty,” the
World Bank said.
Sometime this year, the percentage of
global population living below the
poverty line of $1.90 is expected to
fall to single digits for the first time.
That is why Riaz Haq has been berozgar from a month.
:biggrin2::biggrin2::biggrin2::biggrin2::biggrin2:
Anyway,
Indian poverty rate falls to 12.4%, Electricity played big role
while porkies had again something happened like literacy rate (their poverty level increased to 22%).
India has reduced its poverty rate to
12.4% from the 2011-12 estimate of
21%, according to new data released
by World Bank, which identified
rural electrification as an important
driving factor for everything from
greater rural spending to schooling
for girls.
Against the earlier estimate of 269
million people living below the
poverty line, according to
government data, India now has 172
million people, although the World
Bank revised the line upwards.
The global poverty line is the ability
to live on $1.90 (Rs 123.5) per day,
up from $1.25 (Rs 81). The change
was made to reflect differences in
cost of living across countries based
on 2011 prices–in other words, to
adjust for inflation and other
economic variables. Here is a good
explanation of why the Bank changed
the definition of who is poor.
“The new global poverty line is set at
$1.90 using 2011 prices. Just over 900
million people globally lived under
this line in 2012 (based on the latest
available data), and we project that
in 2015, just over 700 million are
living in extreme poverty,” the
World Bank said.
Sometime this year, the percentage of
global population living below the
poverty line of $1.90 is expected to
fall to single digits for the first time.
That is why Riaz Haq has been berozgar from a month.
:biggrin2::biggrin2::biggrin2::biggrin2::biggrin2:
Anyway,
Indian poverty rate falls to 12.4%, Electricity played big role