Context
The latest update of the global Multidimensional Poverty Index (MPI) with estimates for 110 countries was released recently. It revealed that 25 countries successfully halved their global MPI values within 15 years (including India), showing that rapid progress is attainable.
Basics of Multidimensional Poverty Index (MPI)
What is Poverty?
Determination of poverty status in India Officially, a person who lives on a monthly expenditure of Rs 1,000 or less in cities and Rs 816 or less in villages, at 2011-12 prices is poor, per the poverty line determined by an Expert Group (Tendulkar) in that year. |
Key-findings of the 2023 Index
The Sustainable Development Goal target 1.2 is for countries to reduce at least by half the proportion of men, women, and children of all ages living in poverty in all its dimensions by 2030. India’s progress shows that this goal is feasible, even at scale. |
Poverty alleviating schemes
October 17 is observed as the International Day for the Eradication of Poverty |
Conclusion
The MPI sheds light on the complexity of poverty – where different indicators contribute to people's experience of poverty differently, varying from region to subnational region, and between and within communities. Ensuring that the data on global poverty is up-to-date and comprehensive is a crucial first step in addressing these challenges and maintaining progress towards a more equal world.
Verifying, please be patient.