Spelling some relief for the country’s prosperity, India’s extreme poverty declined by 12.3 percentage points in 2019 compared to 2011, as the poverty count fell from 22.5% in 2011 to 10.2% in 2019 There is a comparatively sharp decline in sectors, which is a working paper. World Bank Policy Research said.
The findings came close on the heels of a working paper published by International Monetary Fund (IMF) says India has virtually eliminated extreme poverty through state-provided food items and brought consumption inequality to its lowest level in 40 years. Hindustan Times report good. The report noted that poverty reduction was higher in rural areas than in urban India as rural poverty declined from 26.3% in 2011 to 11.6% in 2019, while the decline in urban areas declined from 14.2% to 6.3 during the same period. % happened.
“Rural and urban poverty declined by 14.7 and 7.9 percentage points during 2011-2019,” said the World Bank’s working paper.poverty India has seen a decline in the last decade but not as much as previously thought. The paper is jointly co-authored by economists Sutirth Sinha Roy and Roy van der Weid. The purpose of the World Bank Policy Research Papers is to encourage the exchange of ideas on development and to quickly disseminate the findings of research in progress.
According to the study, farmers with smaller holdings have experienced higher income growth. Between the two rounds of the survey, the real income of farmers with the smallest holdings increased by 10 per cent annually. [2013 and 2019] compared to an increase of 2 per cent for the farmers with the largest holdings,” it said.
The World Bank paper is important as India does not have any official estimate of the recent period. The final expenditure survey was released by the National Sample Survey Organization (NSSO) in 2011, when the country also released official estimates of poverty and inequality.