What was the poverty rate in India in 2010?
What was the poverty rate in India in 2010?
However, those above the poverty line live a fragile economic life. As per the methodology of the Suresh Tendulkar Committee report, the population below the poverty line in India was 354 million (29.6% of the population) in 2009-2010 and was 69 million (21.9% of the population) in 2011–2012.
What was the poverty rate in 2010?
15.1 percent
The nation’s official poverty rate in 2010 was 15.1 percent, up from 14.3 percent in 2009 ─ the third consecutive annual increase in the poverty rate.
Which state has the largest percentage of poverty in India 2010 11?
Chhattisgarh is the poorest state, with 39.93% of the population living below the poverty line. Since 2004, up till 2011-12, there was a nominal reduction of poverty, from 40.9% to 39.93%. Chhattisgarh was followed by Jharkand, with 36.96% of the population living below the poverty line.
What is the poverty rate of India according to 2011 data?
India’s poverty rate at 12.4% in 2011-12. Only 12.4 per cent of India’s population lived below the poverty line in 2011-12, the World Bank has said.
What was the poverty level in India in 2004?
Besides, it was reported by the Planning Commission that All India poverty ratio fell from 37.2 per cent in 2004-05 to Rs. 29.8 per cent in 2009-10, a sharp fall of 7.4 per cent in the poverty level in just 5 years, that is, at the rate of 1.4 per cent per year as against 0.8 per cent per annum in the period 1993-94 to 2004-05.
How is the poverty rate declining in India?
A noteworthy fact is that rate of decline in poverty ratio is much lower than the rate of economic growth. Thus while annual growth in GDP in real terms during 1993-94 to 2004-05 was 6.3%, the rate of reduction in poverty was much slower, 0.79 per cent per annum.
What’s the poverty headcount ratio in the world?
Poverty headcount ratio at $5.50 a day is the percentage of the population living on less than $5.50 a day at 2011 international prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions.
Why do we use poverty line in India?
Estimates of people below poverty line was a statistical exercise to measure the extent of poverty in India and to judge the performance of planned development with regard to the reduction of overall poverty in India. It was not intended to be used as benchmark for distribution of a social benefits provided by the government.