2023 Global Multidimensional Poverty Index (MPI)
2023 Global Multidimensional Poverty Index (MPI)
The 2023 Global Multidimensional Poverty Index (MPI) update emphasizes India's remarkable strides in poverty reduction. Over 15 years, India has significantly improved living conditions, lifting an astounding 415 million people out of poverty from an incidence of 55.1% in 2005/2006 to 16.4% in 2019/2021. The MPI report, released by the UNDP and the OPHI, indicates this decrease is uniform across all regions and socio-economic classes. Furthermore, the report stresses the integral role of addressing child poverty and rural poverty. Despite India's progress, over 230 million people still live in poverty, with a significant portion at risk of falling into poverty. The MPI argues for the usage of national context-specific poverty indices for an accurate understanding of poverty in each country.
Important Points to remember:
- India has lifted 415 million people out of poverty within 15 years.
- Poverty incidence in India has decreased from 55.1% in 2005/2006 to 16.4% in 2019/2021.
- Child and rural poverty are key issues to address in poverty reduction efforts.
- Even with progress, over 230 million people in India still live in poverty.
- The Global Multidimensional Poverty Index is an international measure for acute multidimensional poverty.
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