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Various poverty lines and resulting percentage of BPL population Method Line Figure % 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
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 ...
In its annual report of 2012, the Reserve Bank of India named the state of Goa as having the least poverty of 5.09% while the national average stood at 21.92% [7] The table below presents the poverty statistics for rural, urban and combined percentage below poverty line (BPL) for each State or Union Territory. [7]
Russian President Boris Yeltsin's IMF-backed rapid privatization and austerity policies resulted in unemployment rising to double digits and half the Russian population falling into destitution by the early to mid 1990s. [100] By 1999, during the peak of the poverty crisis, 191 million people were living on less than $5.50 a day. [101]
Extreme poverty reduced from 36 percent in 1993–94 to 24.1 percent in 1999–2000. [45] The liberalisation policies have been criticised for increasing income inequality, concentrating wealth, worsening rural living standards, causing unemployment, and leading to an increase in farmer suicides. [46] [47]
The Government of India introduced the MGNREGA social welfare program in 2005 to address the problem of unemployment and poverty in rural areas. Recognizing the high rates of unemployment and poverty in rural India, especially among the underprivileged groups of the population, led to the need for such a program.
In the 2019 Indian general election, unemployment in India was an issue. [52] [53] [54] Economic issues like poverty, unemployment, development are main issues that influence politics. Garibi Hatao (eradicate poverty) has been a slogan of the Indian National Congress for a long time. The well known Bharatiya Janata Party encourages a free ...
Long-term unemployment (12 months or more, % of labour force), 2005. Varies from 0.4% for the United States to 5.0% for Germany. This indicator has by far the greatest variation, with a value as high as 9.3% at HDI position 37. Population below 50% of median adjusted household disposable income (%), 1994–2002. Varies from 5.4% for Finland to ...