Monday, May 3, 2010

One third of world’s poor live in our country. Where are we?

ndia has one-third of all poor people population of the world. A large number of people in our country live on even less than $2 per day less than even sub-Saharan Africa. This news has come out of the World Bank's latest estimates on global poverty. We are still happy in saying that our country is progressing. This clearly shows that economic reforms, which started in 1991, have failed to reduce poverty at a faster rate, as claimed.
As per the estimates, India has 456 million people or about 42% of the population that lives below the new international poverty line that stands at $1.25 per day. The number of poor people in India constitutes 33% of the global poor, which is 1.4 billion people. India also has 828 million people, or 75.6% of the population that lives below $2 a day. Even in Sub-Saharan Africa, world's poorest region, the condition is better and it has 72.2% of its population (551m) people below the $2 a day level.

No comments:

Post a Comment