India poverty News

Urban poverty also saw a decline, though at a slower pace, dropping to 4.09 per cent in FY24 from 4.6 per cent the previous year. U

Over time, both NITI Aayog and its predecessor, the Planning Commission, have methodically produced estimates of poverty in their efforts to address the complexities of poverty. 

The report further said the country would have 3,70,000 millionaires in 2022, up from 2,45,000 now, an increase of over 50 percent.

When water starts to flow out of the pipe, they pass the pipe down to their respective family members, mostly women, who fill up the blue drums.

The government estimates growth to be between 8-8.5 percent in the current fiscal.

Finance Minister Arun Jaitley on Saturday said there is a need to ease entry barriers for global corporates and ensure stability in taxation policies to sustain high growth and eradicate poverty.

About 30 crore people still live in extreme poverty in India even as the Millennium Development Goal (MGD) programme will expire in December, a United Nations report has said.

The study found that in India, the number of billionaires increased from two in the 1990s to 65 in 2014.

Arguing that "poverty cannot be abolished", eminent India-born British economist, author and Labour Party politician Lord Meghnad Desai today said the better approach will be to concentrate on the core problems of poverty and try to remove them.

The poverty line is used to help determine government welfare benefit entitlements.