Page 2 - Poverty In India

Latest NSSO consumer survey indicates poverty down to 5%: NITI Aayog CEO

The latest consumer expenditure survey indicates that poverty has come down to five per cent in the country and people are becoming prosperous both in rural and urban areas, NITI Aayog CEO B V R Subrahmanyam said on Sunday. The National Sample Survey Office (NSSO), under the Ministry of Statistics and Programme Implementation, released data on household consumption expenditure for the year 2022-23 on Saturday which shows per capita monthly household expenditure more than doubled in 2022-23 as compared to 2011-12. "This long-awaited consumer expenditure survey has brought out many things. With data on household consumption, we can assess what is the status of poverty in the country and how successful the poverty alleviation measures have been, Subrahmanyam told reporters. "The survey findings indicate that poverty in India is below five per cent now. I am convinced with the data, he said. He said that for the purpose of the survey, people were kept in 20 different categories and the

Over 12 mn families coming out of poverty due to Cong's schemes: K'taka Guv

More than 1.2 crore families are coming out of the poverty line and rising to middle-class status because of the guarantee schemes implemented by the Karnataka Government, Governor Thaawarchand Gehlot said on Monday projecting the state's model of development. In his customary address to both Houses of Legislature at the beginning of the budget session, he also said Karnataka gets less in terms of tax share (devolution), despite being ranked second among the states that collects highest tax in the country, remarks seen in the context of the Congress government taking a dig at the BJP-led NDA government at the Centre. Interestingly, the BJP legislators were seen wearing saffron shawl during the proceedings today, and shouted "Jai Sri Ram", "Bharat Mata Ki Jai" slogans at the end of the Governor's speech. "In today's context of increasing economic inequality in the country, Karnataka is leading economically by following the path of development, by reducing economic inequality," Gehlot

Empowering 'Solar Didis'

A programme offering interest-free loans to women to buy solar panels could help alleviate poverty and empower rural households

250 mn people lifted out of poverty over past decade: President Murmu

Murmu said the government believed that the grand edifice of a developed India would stand on the four strong pillars of youth power, women power, farmers and the poor

250 million people lifted out of poverty by Modi govt: Union Min Sonowal

More than 25 crore Indians have been pulled out from poverty during the nine and half years of the BJP-led NDA government under the leadership of Prime Minister Narendra Modi, said Union Minister Sarbananda Sonowal. Speaking at a public gathering in Kendrapara district on Friday, the Union Minister of Ports, Shipping and Waterways and Ayush said Modi's dynamic and inspiring leadership has ensured that the fruits of governance reach everyone in the society. By nipping rampant corrupt practices of previous Congress governments in the bud, he has ensured that the progressiveness and inclusiveness in governance are executed in letter and spirit, Sonwal said. The days of "corrupt, inefficient and clueless" governance under Congress, which was marked with people suffering from poverty, hunger and distress, are a thing of the past now, he said. "The Modi Ki Guarantee programme will ensure welfare of the people and reinforce our commitment towards building a Viksit Bharat, an Atmanirbhar .

Development debate

The policy must now go beyond poverty numbers

Wealth of 5 richest men doubled since 2020; 5 bn people now poorer: Oxfam

Fortunes of five richest men have more than doubled since 2020 and the world could have its first-ever trillionaire in just a decade while it would take more than two centuries to end poverty, rights group Oxfam said on Monday. Releasing its annual inequality report on the first day of the World Economic Forum (WEF) Annual Meeting here, Oxfam said seven of 10 of the world's biggest corporations have a billionaire as a CEO, or principal shareholder. It further said that 148 top corporations made USD 1.8 trillion in profits, 52 per cent up on three-year average, and dished out huge payouts to rich shareholders, while hundreds of millions faced cuts in real-term pay. Oxfam called for a new era of public action, including public services, corporate regulation, breaking up monopolies and enacting permanent wealth and excess profit taxes. The world's five richest men have more than doubled their fortunes from USD 405 billion to USD 869 billion since 2020 "at a rate of USD 14 million per

In 9 years, 248 mn moved out of multidimensional poverty: NITI Aayog

The paper estimated that the share of multidimensional poor in the Indian population declined sharply to 11.28 per cent in 2022-23, from 29.17 per cent in 2013-14

Over 248 mn Indians moved out of poverty in last 9 years: NITI report

As many as 24.82 crore people moved out of multidimensional poverty in nine years from 2013-14 to 2022-23, with Uttar Pradesh, Bihar, and Madhya Pradesh registering the largest decline, NITI Aayog said in a report on Monday. Multidimensional poverty is measured by improvement in health, education, and standard of living, it said. According to the NITI discussion paper, multidimensional poverty in India was found to have declined from 29.17 per cent in 2013-14 to 11.28 per cent in 2022-23, with about 24.82 crore people moving out of this bracket during this period. The national multidimensional poverty measures simultaneous deprivations across three equally weighted dimensions of health, education, and standard of living that are represented by 12 sustainable development goals-aligned indicators, according to NITI Aayog. These include nutrition, child and adolescent mortality, maternal health, years of schooling, school attendance, cooking fuel, sanitation, drinking water, electrici

'Discontents' notwithstanding, India has done well in last quarter century

While India should be concerned about disparities, the fact is that whereas three decades ago about half the people had incomes greater than $2.15 a day, today seven out of eight do, writes T N Ninan

Inequality a relative concept; absolute poverty India's urgent concern: CEA

The CEA notes that for a developing country such as India, where the growth potential is high and the scope for poverty reduction is also significant

PM Modi emphasises empowering those in need through housing, gas cylinders

Prime Minister Narendra Modi Sunday mocked the Congress' slogan of 'garibi hatao' (remove poverty) and said the poor feel empowered and confident when they get a pucca house and gas cylinders for their homes. A poor now says that the day he got a gas cylinder stove in his house the difference between then rich and the poor ended for him, Modi said, addressing the Viksit Bharat Sankalp Yatra here. He termed the yatra his own "examination" and a feedback mechanism to learn directly from people if welfare schemes meant for them is reaching them. "The Viksit Bharat Sankalp Yatra is in a way my 'kasauti' (test) also,' Modi said. "It is my examination... whether whatever I had said and whatever I am doing, I want to hear from you and from the entire country whether it has happened in the right proportion. Whether it has been done for the person for whom it was intended to, and whether the work which was to be done, has happened or not." Referring to former prime minister Indira Gandhi's

Capitalism based on free market only solution to alleviate poverty: Murthy

Murthy said that over the years, he has transformed from a 'confused leftist' to a 'determined compassionate capitalist'

A grainy picture: Tough to measure Covid's impact on poverty without data

The impact of the pandemic on pov­erty and inequality in India has been a contested issue in the absence of govern­ment data

Bihar's poverty problem

Condition will not improve by increasing reservations

Poverty in India eased in '21, but was above '18 level: World Bank data

World Bank data shows poverty shot up to 176 mn in 2019 from 152 mn in 2018

Poverty declines, but battle not over

Persisting challenges in nutrition, education and sanitation in many districts underscore the need for a bottom-up effort to eradicate deprivation

Multidimensional poverty estimates: Is India measuring poverty accurately?

Multidimensional poverty index measures poverty on the basis of parameters such as nutrition, child and adolescent mortality, and maternal health, among others

TMS Ep479: MDI, privatisation drive stalled, jewellery stocks, and more

What does multidimensional poverty report mean for India? Why has the government's privatisation drive stalled? Will stocks of gold jewellery retailers sustain their rally? What are sponge cities?

135 million escaped poverty in five years, says NITI Aayog report

The report also highlighted that the Centre's welfare support during the peak of the Covid pandemic helped reduce the incidence of multidimensional poverty