By Admin 
India has achieved great success against poverty in the last decade. According to the World Bank’s latest ‘Power and Equity Brief’ report, between 2011-12 to 2022-23, more than 171 million people, or more than 17 crore people have come out of Extreme Poverty. The report said that those who were living for less than Rs 180 daily, their number has come down from 16.2 percent to 2.3 percent.
Large decline in both village and city
Extreme poverty in villages has come down from 18.4 per cent to 2.8 per cent and 10.7 per cent in cities to 1.1 per cent. The special thing is that now the difference of poverty between rural and urban areas has also reduced considerably, which has come down from 7.7 percent to just 1.7 percent.
India now becomes ‘lower middle income’ country
The report shows that India has also made great progress on the criteria of $ 3.65 per day poverty line. On this basis, poverty has come down from 61.8 percent to 28.1 percent, that is, 378 million people have risen above the poverty line. Uttar Pradesh, Maharashtra, Bihar, West Bengal and Madhya Pradesh have made the biggest contribution in this. However, even today 54 percent of the country’s very poor come from these states.
Improved at multicolored level
India has not only made economic poverty, but also a great improvement in the multidimensional poverty (MPI) related to education, health and standard of living. The MPI was 53.8 percent in 2005-06, which has come down to 16.4 percent in 2019-21.
Positive signs on employment front
The report also reported that since 2021-22, the employment growth rate has been faster than the working population. The employment rate of women has also improved and the urban unemployment rate has decreased by 6.6 percent, which is the lowest since 2017-18. For the first time, it has been seen that the migration of men has increased from the village to the city, while women’s share in agriculture has increased in rural areas.
Some challenges still remain intact
However, the challenges are not completely over. The unemployment rate among the youth is still 13.3 percent and it reaches 29 percent among the graduate youth. Apart from this, the number of laborers working in the unorganized sector remains very high. There is still a big difference in employment between women and men. Even today more than 23 crore men are financially more powerful than women.
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