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India, in 2019 has about 2.7% [1] population under poverty level and is no longer holding the largest population under poverty level, considering Nigeria and Congo. [2] On the other hand, the Planning Commission of India uses its own criteria and has estimated that 27.5% of the population was living below the poverty line in 2004–2005, down ...
According to the World Bank, India accounted for the world's largest number of poor people in 2012 using revised methodology to measure poverty, reflecting its massive population. However, in terms of percentage, it scored somewhat lower than other countries holding large poor populations. [ 41 ]
This trend has consistently increased, meaning the rich are getting richer much faster than the poor, widening the income gap. [3] Inequality worsened since the establishment of income tax in 1922, overtaking the British Raj's record of the share of the top 1% in national income, which was 20.7% in 1939–40.
Countries by total wealth, 2022 (2023 publication) National net wealth, also known as national net worth, is the total sum of the value of a country's assets minus its liabilities.
India: Southern Asia: Lower middle income 32.8 2021 37.06 2022 Ireland: Northern Europe: High income 30.1 2021 30.29 2022 29.1 2021 Iran: Southern Asia: Upper middle income 34.8 2022 40.94 2020 Iraq: Western Asia: Upper middle income 29.5 2012 47.20 2013 Iceland: Northern Europe: High income 26.1 2017 26.27 2018 Israel: Western Asia
% of poor population Poor population World Bank (2021) poverty line 1.90 (PPP $ day) 6 84m [7] lower middle-income line 3.20 (PPP $ day) 26.2 365m [7] upper middle-income line 5.50 (PPP $ day) 60.1 838m [7] Asian Development Bank (2014) poverty line $ 1.51 per person per day [8] Tendulkar Expert Group (2009) urban poverty line
Your debt-to-income ratio measures how much of your money goes toward debt payments each month. If you earn $5,000 per month and pay $2,000 per month in debt obligations, you have a 40% debt-to ...
Definitions of the poverty line vary considerably among nations. For example, rich nations generally employ more generous standards of poverty than poor nations. Even among rich nations, the standards differ greatly. Thus, the numbers are not comparable among countries. Even when nations do use the same method, some issues may remain. [10]