129mn Indians Lives in Extreme Poverty in 2024: WB Report

Current Context: The World Bank released its Poverty, Prosperity, and Planet Report 2024 on October 16, 2024. According to this report, 129 million Indians live in extreme poverty, defined as living on less than $2.15 (about Rs 181) per day.

• Here are some important highlights:
• Poverty Line: Extreme poverty is defined by the World Bank as living on less than $2.15 a day. For middle-income countries, the threshold is higher at $6.85 a day.
• Poverty Trends: While there has been significant progress in reducing extreme poverty from 431 million in 1990 to 129 million in 2024, the higher threshold reveals a larger segment of the population struggling due to population growth.
• Key Challenges: The report outlines key challenges such as unemployment, lack of education, and inadequate healthcare that continue to hinder poverty alleviation efforts.
• Global Context: The report emphasizes the interconnectedness of global economies and the need for comprehensive strategies to address poverty, prosperity, and planetary sustainability.

Question:

1 How many Indians were reported to be living in extreme poverty in 2024, as per the World Bank's report?

• A) 129 million
• B) 150 million
• C) 200 million
• D) 431 million

Answer: A) According to this report, 129 million Indians live in extreme poverty, defined as living on less than $2.15 (about Rs 181) per day.