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India's sharp decline in poverty contrasts with Pakistan's deepening crisis, highlighting the impact of governance and economic policies, according to the World Bank.
India's extreme poverty rate fell from 27.1% in 2012 to 5.3% in 2022, lifting 269 million out of poverty. In contrast, Pakistan's extreme poverty rose from 4.9% in 2017 to 16.5% in 2021, with ...
India's extreme poverty rate has declined from 27.1% in 2011-12 to 5.3% in 2022-23, according to World Bank data. In contrast, nearly 45% of Pakistan's population lives in poverty, with 16.5% ...
In conclusion, Hirway calls for a reassessment of India’s poverty metrics: “Poverty is a multidimensional phenomenon. A ...
Given India's inflation rate between 2017 and 2021, a revised extreme poverty line of USD 3 would constitute a 15 per cent higher threshold than USD 2.15 expressed in 2021 prices and result in a 5 ...
Many of the world’s nations are gathering starting Monday in Spain for a high-level conference to tackle the growing gap ...
Extreme poverty (living on less than $2.15 per day) fell from 16.2% in 2011-12 to 2.3% in 2022-23, lifting 171 million people above this line,” the World Bank had said in its ‘Poverty & Equity ...
India’s economy is now 11 times the size of Pakistan’s, and it has lifted 170 million out of poverty over the past decade. Yet India’s capacity to bear the human cost of Pakistan’s ...
The World Bank, in its report titled "Poverty Projections for Pakistan," noted a 25.3 percent poverty rate in 2024, up by 7 percentage points from 2023, pushing an additional 13 million people ...
Pakistan, May 5 -- Pakistan faces a significant challenge with very low insurance coverage across the nation. Currently, insurance penetration stands at a mere 0.8% of the country's GDP.