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Mass Poverty Is Back in India
Mass Poverty Is Back in India
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Pew Research Center, using World Bank data, has estimated that the
number of poor in India (with income of $2 per day or less in
purchasing power parity) has more than doubled to 134 million
from 60 million in just a year due to the pandemic-induced
recession. This means, India is back in a situation to be called a
“country of mass poverty” after 45 years.
In the recent years, India emerged as the country with the highest
rate of poverty reduction. In 2019, the Global Multidimensional
Poverty Index reported that India lifted 271 million citizens out of
poverty between 2006 and 2016. Contrast this with the situation in
2020: the highest global poverty increase happened in India.
India has not counted its poor since 2011. But the United Nations
estimated the number of poor in the country to be 364 million in
2019, or 28 per cent of the population. All the estimated new poor
due to the pandemic is in addition to this.
Also, as estimates point out, millions in urban areas have also
slipped below the poverty line. Even the middle class has shrunk by
a third, says Pew Center’s estimate. Overall, cutting across
population and geographical segments, millions of Indians have
either become poorer, or poor, or on the brink of becoming poor.
People have reduced spending or are not able to spend. They have
already exhausted their savings, reducing their capacity to spend in
future. Government spending is also proportionate to the crisis.
This means a perpetuation of the current economic situation. And a
way out of it is not certain, like the pathway of the pandemic.
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