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12/07/23 06:53 AM IST

415 mn Indians no longer poor, says UN

In News
  • 415 million people came out of poverty in India within 15 years between the years 2005/2006 and 2019/2021.
Major Findings
  • The latest update of the global Multidimensional Poverty Index (MPI) was released by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford, which revealed the data.
  • The report finding shows that 25 countries, including India, successfully halved their global MPI values within 15 years, which shows that rapid progress is possible. These countries include Cambodia, China, Congo, Honduras, India, Indonesia, Morocco, Serbia, and Vietnam.
  • In 2005/2006, about 645 million people were in multidimensional poverty in India, declining to about 370 million in 2015/2016 and 230 million in 2019/2021.
  • The report also states that countries with different incidences of poverty also halved their global MPI value. While 17 countries did so with an incidence under 25 per cent in the first period, India and Congo had a starting incidence above 50 per cent.
  • India was among the 19 countries that halved their global Multidimensional Poverty Index (MPI) value during one period - for India; it was 2005/2006, 2015/2016.
  • According to the UN, children under 18 years of age account for half of MPI-poor people (566 million) with the poverty rate among children is 27.7%, as compared to 13.4% among adults.
  • The report by the UN stated that the lack of post-pandemic data for most of the 110 countries covered by the global MPI restricts the agency’s understanding of the pandemic’s effects on poverty.
  • In Cambodia, the most encouraging case among these, the incidence of poverty fell 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 the pandemic years (2014 2021/22).
Significance
  • The MPI goes beyond monetary measures of poverty and assesses poverty in various aspects of daily life.
  • It takes into account education, health, living standards, and access to basic necessities.
  • This comprehensive approach provides a more nuanced understanding of poverty and enables policymakers to formulate targeted strategies. 
Source- Live Mint

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