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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
The state also had one of the lowest poverty rates in India at 8 percent in 2012. [58] Punjab had seen strong economic growth in the past, but since 2005 the state's growth has fallen below the national average. [58] Punjab's debt was estimated to be 39.8% of the state's GDP in 2020, [1] down from 62% in 2005. [59]
[8] [9] 41.6% of its population (540 million people approx.) is living below the new international poverty line of $1.25 (PPP) per day, down from 59.8% in 1981. [8] 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]
The Socio Economic Survey conducted during 2002 was based on 13 Socio economic indicators (enlisted by Government of India ) indicating the quality of life and by Score-based ranking for all households. Each of the indicators have 0–4 marks. Thus for 13 indicators, the tentative marks obtained by the families are from 0–52 for all the ...
Multidimensional Poverty Indices uses a range of indicators to calculate a summary poverty figure for a given population, in which a larger figure indicates a higher level of poverty. This figure considers both the proportion of the population that is deemed poor and the 'breadth' of poverty experienced by these 'poor' households, following the ...
It is calculated by averaging the square of the poverty gap ratio. By squaring each poverty gap data, the measure puts more weight the further a poor person's observed income falls below the poverty line. The squared poverty gap index is one form of a weighted sum of poverty gaps, with the weight proportionate to the poverty gap. [9]
Share of employment by economic class in 2023, with lowest economic class based on the World Bank's international poverty lines of $2.15 and $3.65 a day Country Region World Bank Income group (2024) Extremely poor: Less than $2.15 a day Moderately poor: $2.15 to less than $3.65 a day Not extremely or moderately poor: $3.65 or above a day ...
The richest 1% now own more than 40% of the country's total wealth, while the bottom 50% hold just 3%. The report also reveals a gender pay gap, with female workers earning only 63 paise for every 1 rupee earned by male workers. Additionally, healthcare costs push around 63 million Indians into poverty each year.