Aquarter of Indians to live on 1.25 dollars per day in 2015: World Bank
India now is ahead of only Sub-Saharan Africa among developing countries in terms of the percentage of population below the poverty line, though it fared better than China on this count in 1990, according to the World Bank.
The multilateral lender, in its recently released report ‘Global Economic Prospects for 2009’, said a quarter of India’s population will be living in extreme poverty, on less than $1.25 a day, in 2015.
The corresponding figures for China is 6.1% and for Sub-Saharan Africa 37.1%. These are based on purchasing power parity exchange rates derived from the 2005 price surveys, meaning that the calculations have been made assuming a dollar’s purchasing power to be the same in the years under consideration as in 2005.
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The multilateral lender, in its recently released report ‘Global Economic Prospects for 2009’, said a quarter of India’s population will be living in extreme poverty, on less than $1.25 a day, in 2015.
The corresponding figures for China is 6.1% and for Sub-Saharan Africa 37.1%. These are based on purchasing power parity exchange rates derived from the 2005 price surveys, meaning that the calculations have been made assuming a dollar’s purchasing power to be the same in the years under consideration as in 2005.
To read the full article, click here..
To read the ePaper, visit: http://epaper.financialexpress.com/
Labels: china, india population, international poverty line, living in extreme poverty, poverty, World Bank, world bank poverty forecast
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