Govt: Refined consumption data helped defy the odds
Sunday, 8 June 2025 ()
India's revised consumption data, incorporating improved survey methods and capturing more actual spending, significantly impacted the World Bank's global poverty benchmark. This led to a more realistic poverty line and a lower poverty rate for India, even with an increased threshold. India's data revision reduced the global extreme poverty count by 125 million.
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Despite West Bengal raising threshold, India achieves big dip in extreme povertyRecent World Bank data reveals a significant decline in India's extreme poverty rate, dropping from 27.1% in 2011-12 to 5.3% in 2022-23, lifting nearly 270...IndiaTimes |
269 Million People Lifted Out Of Extreme Poverty In India Over 11 Years: World BankAbout 75.24 million people were living in extreme poverty in India during 2022–23, a massive drop from 344.47 million in 2011–12.Zee News |
Govt: Refined consumption data helped defy the oddsIndia's revised consumption data, incorporating improved survey methods and capturing more actual spending, significantly impacted the World Bank's global...IndiaTimes |
