less than 20 a day of india is living in poverty.
how much of india is living in poverty?
less than 20 a day
as per the methodology of the suresh tendulkar committee report, the population below the poverty line in india in 2009-2010 was 354 million (29.6% of the population) and that in 2011-2012 was 269 million (21.9% of the population). the rangarajan committee said in 2014 that the population below the poverty line in 2009-2010 was 454 million (38.2% of the population) and that in 2011-2012 was 363 million (29.5% of the population) . in 2019 , only 46 million people out of 1.3 billion people live below poverty line due to the efforts put in by the indian government to end extreme poverty. deutsche bank research estimated that there are nearly 300 million people who are middle class. if former trends continue, india's share of world gdp will significantly increase from 7.3% in 2016 to 8.5% by 2020. in 2015, around 170 million people, or 12.4%, lived in poverty (defined as $1.90 (rs 123.5)), a reduction from 29.8% in 2009. in their paper, economists sandhya krishnan and neeraj hatekar conclude that 600 million people, or more than half of india's population, belong to the middle class.
poverty in india
as of 2011, approximately 21.9% of india's population lived below poverty line. poverty also begets child labour. various reforms, including mass employment schemes have been undertaken by the government to tackle this problem, and india has been quite successful in reducing its share of poverty. the number of people living on $1 a day is expected to fall in south asia from 41.5 per cent in 1990 to 16.4 per cent until 2015. however, the issue of poverty in india is far from resolved. there is consensus among economists that overall poverty in india has declined, the extent of poverty reduction is often debated. the economic reforms of the early 1990s were followed by rates of high economic growth. its effect on poverty remain controversial, and the official numbers published by the government of india, showing a reduction of poverty from 36% (1993–94) to 26% (1999 – 00), to 22% (2004–05), have been challenged both for allegedly showing too little and too much poverty reduction. as of 2011, 86.8% of indians live on less than $5.50 a day by purchasing power parity. while there is a consensus on the fact that liberalization has led to a reduction of income poverty, the picture is not so clear if one considers other non-pecuniary dimensions (such as health, education, crime and access to infrastructure). with the rapid economic growth that india is experiencing, it is likely that a significant fraction of the rural population will continue to migrate toward cities, making the issue of urban poverty more significant in the long run. economist pravin visaria has defended the validity of many of the statistics that demonstrated the reduction in overall poverty in india. he insisted that the 1999-2000 survey was well designed and supervised, and he further defended that just because the numbers did not appear to fit preconceived notions about poverty in india, they should not be dismissed outright. nicholas stern, vice president of the world bank, has published defenses of the poverty reduction statistics. he argues that increasing globalization and investment opportunities have contributed significantly to the reduction of poverty in the country. india, has shown one of the clearest co-relation trends of globalization with the accelerated rise in per-capita income.
india as an emerging superpower