Mon Oct 21 09:17:51 UTC 2024: Important Points from the Article:

– The 2024 World Bank report highlights that poverty continues to plague India, with 129 million people living in extreme poverty.
– These individuals survive on less than ₹181 per day.
– Although the number of people in poverty has decreased from 431 million in 1990 to 38 million in 2021, the current scenario remains dire.
– The report states that India’s poverty conditions are worse compared to the 1990s when adjusted for a standard of living that considers those earning ₹576 per day as poor.
– Population growth is cited as a significant contributor to the worsening poverty situation in India.
– The recent government survey on household consumption and expenditure did not reflect these poverty figures.
– The report emphasizes the global goal to eliminate extreme poverty by 2030, particularly in Africa, and warns that significant progress is necessary to meet this target.
– It also claims that global poverty eradication efforts are currently stagnating, suggesting that if the situation persists, alleviating poverty may take centuries.
– Despite the challenges, there is potential for a decrease in India’s share of global poverty in the coming decades due to GDP growth.

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