Wednesday, August 27, 2008

The latest World Bank's global poverty line of about 1/3 of the poor live in India

August 27 According to the World Bank recently published data showed, the latest poverty line for the daily income of 1.25 U.S. dollars, it is estimated that India living below the poverty line of the population in 2005 to 400 million 5 1000 5 million people, accounting for about global One-third of the total population of poverty.

World Bank statement said the new definition of the poverty line in 2005 is the world's poorest countries from 10 to 20 derived based on the average, lower than the global standards of the poor population of about 1.4 billion people, accounting for the total global population 26 percent.

Reported that the World Bank under the global cost of living up to the latest definition is estimated that between 2005 and India's 400 million people living in extreme poverty for 5,000 5 million, representing an increase of 1981 were 36 million, the World Bank in a statement that the high - India's economic growth is to reduce the main cause of people living in extreme poverty.

World Bank poverty line is the original daily income of one U.S. dollars, in such a definition, the India in 1981 to 400 million people living in extreme poverty 20 million people.

According to Indian official estimates, from 2004 to 2005 for the 300 million people living in extreme poverty, 1.72 million people. World Bank statement said that, as in the poorest countries the proportion of the population, the proportion of people living in extreme poverty in India over the same period from 60 percent to 42 percent, still higher than the official estimate of India's 27.5 percent.

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