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The standard of living in India varies from state to state. In 2021, extreme poverty was reduced to 0.8% [1] and India is no longer the nation with the largest population living in poverty. [2] There is significant income inequality within India, as it is simultaneously home to some of the world's richest people. [3]
Human Development Index map for Indian states in 2006, as calculated by Government of India and UNDP India. [15] This is a list of Indian states by their respective Human Development Index (HDI), as of 2008. [1] Kerala stands first in Human Development Index among the states in India. 1981 to 2011 Human development index in India
Visualisation of Numbeo's 2023 cost of living index by country. The cost of living is the cost of maintaining a certain standard of living for an individual or a household. Changes in the cost of living over time can be measured in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain ...
According to a study from the Council of Community & Economic Research, Oklahoma has the lowest cost of living in the country, with an index of 86.2 (while the average is 100), according to a ...
This is a list of states and union territories of India ranked according to poverty as of 2022 (2021–22) as hosted by NITI Aayog's Sustainable Development Goals dashboard; and Reserve Bank of India's 'Handbook of Statistics on Indian Economy'.
In 2005, after extensive studies of the cost of living across the world, The World Bank raised the measure for global poverty line to reflect the observed higher cost of living. [5] Thereafter, the World Bank determined poverty rates from those living on less than US$1.25 per day on 2005 PPP basis, a measure that has been widely used in media ...
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). [1] As of 2011 [update] , the Government accounted for about 21% of the GDP followed by agriculture with 21% and corporate sector at 12%.