India has achieved a significant milestone in poverty reduction, with a remarkable number of people moving out of poverty within just 15 years. The latest update of the global Multidimensional Poverty Index (MPI) released by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) sheds light on this extraordinary achievement. In a span of 15 years, a staggering 415 million people in India have escaped the clutches of poverty. This achievement highlights the tremendous progress the country has made in improving the living conditions of its citizens.India is not alone in its success. The report reveals that 25 countries, including Cambodia, Peru, and Nigeria, have successfully halved their global MPI values within the same 15-year period. This demonstrates that rapid progress in poverty reduction is attainable and serves as an inspiration for other nations.
India’s Journey: From High Poverty Incidence to Impressive Decline
- In 2005/2006, India faced a poverty incidence of 55.1%. During this time, approximately 645 million people were living in poverty.
- However, through concerted efforts and effective policies, India has witnessed a significant decline in poverty rates. The latest figures show that the poverty incidence has dropped to 16.4% in 2019/2021.
- This demonstrates a substantial improvement in the living conditions of millions of individuals and families.
Children and Rural Areas: Key Factors in Poverty Reduction
- Children under the age of 18 play a crucial role in poverty statistics, accounting for half of the MPI-poor people.
- This highlights the importance of addressing child poverty through comprehensive programs that ensure their well-being, education, and access to essential services.
- Furthermore, poverty predominantly affects rural areas, with 84% of the country’s poor residing in these regions. It underscores the significance of implementing targeted measures to uplift rural communities and bridge the urban-rural divide.
The Multidimensional Poverty Index: A Holistic Approach
- The MPI goes beyond monetary measures of poverty and assesses poverty in various aspects of daily life. It takes into account education, health, living standards, and access to basic necessities.
- This comprehensive approach provides a more nuanced understanding of poverty and enables policymakers to formulate targeted strategies.