Poverty in India
Overview
Poverty is widespread in India
, with the nation estimated to have a third of the world's poor. According to a 2005 World Bank
estimate, 41.6% of the total Indian population falls below the international poverty line of 1.25 a day (PPP
, in nominal terms 21.6 a day in urban areas and 14.3 in rural areas). A recent report by the Oxford Poverty and Human Development Initiative states that 8 Indian states have more poor than 26 poorest African nations combined which totals to more than 410 million poor in the poorest African countries.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, with the nation estimated to have a third of the world's poor. According to a 2005 World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
estimate, 41.6% of the total Indian population falls below the international poverty line of 1.25 a day (PPP
Purchasing power parity
In economics, purchasing power parity is a condition between countries where an amount of money has the same purchasing power in different countries. The prices of the goods between the countries would only reflect the exchange rates...
, in nominal terms 21.6 a day in urban areas and 14.3 in rural areas). A recent report by the Oxford Poverty and Human Development Initiative states that 8 Indian states have more poor than 26 poorest African nations combined which totals to more than 410 million poor in the poorest African countries.
Unanswered Questions
