Can India come out of poverty?

As per recent estimates, the country is well on its way of ending extreme poverty by meeting its sustainable development goals by 2030. According to Oxfam, India’s top 1\% of the population now holds 73\% of the wealth, while 670 million citizens, comprising the country’s poorest half, saw their wealth rise by just 1\%.

What will be the poverty rate of India in 2030?

According to the Tendulkar Committee estimates in 2011-12, 21.92\% of India’s population lives below the poverty line. Six states and six union territories have achieved the national target of reducing the poverty rates to below 10.95\% by 2030.

Can multidimensional poverty be tackled in India?

Despite those grim figures, some countries are successfully tackling multidimensional poverty and India is the most notable example.

How much of India’s population is poor?

The report found that over 640 million people across India were in multidimensional poverty in 2005/2006 and that fell steeply to slightly more than 365.55 million by 2016/2017 – an impressive reduction of 271 million. Neighboring Bangladesh also made strides in reducing its poverty numbers with a reduction of 19 million between 2004 and 2014.

How can India reduce poverty in neighbouring Bangladesh?

Neighboring Bangladesh also made strides in reducing its poverty numbers with a reduction of 19 million between 2004 and 2014. In recent years, India has embarked on several ambitious programs aimed at improving living standard such as improving electricity access and extending sanitation coverage.

How can we improve the standard of life in India?

In recent years, India has embarked on several ambitious programs aimed at improving living standard such as improving electricity access and extending sanitation coverage. According to the World Bank, 70\% of the population had electricity access in 2007 and that increased to 93\% by 2017.