273 million Indians out of poverty in 10 years

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News: The 2020 Global Multidimensional Poverty Index(MPI) has been released.

Facts:

  • Released by: The index has been released by Oxford Poverty and Human Development Initiative(OPHI) in collaboration with the United Nations Development Programme.
  • Aim: To provide a comprehensive picture of global trends in multidimensional poverty.
  • Title of the report: Charting pathways out of multidimensional poverty: Achieving the SDGs.
  • Parameters: The index identifies how people are being left behind across three key dimensions: health, education and standard of living, comprising 10 indicators.
  • Note: A person is multidimensional poor if she/he is deprived in one third or more (means 33% or more) of the weighted indicators (out of the ten indicators).

Key Takeaways:

  • Multidimensional Poverty: Around 1.3 billion people are still living in multidimensional poverty.Half of multidimensionally poor people are children under age 18. 
  • Region: About 84 % of multidimensionally poor people live in Sub-Saharan Africa and South Asia.

India Specific Data:

  • During 2005-06 and 2015-16, India was successful in lifting around 273 million people out of multidimensional poverty.