India accounts for one third of the world poor: World Bank
April 18, 2013 11:54
India accounts for one-third of the world poor, people living on less than about Rs 65 per day, a World Bank report on poverty has said.
The report said that 1.2 billion people still living in extreme poverty across the world.
"The State of the Poor: Where are the Poor and Where are the Poorest?," using data released in the latest World Development Indicators, shows that extreme poverty headcount rates have fallen in every developing region between 1981 and 2010 from half the citizens in the developing world to 21 percent.
This despite a 59 percent increase in the developing world population.
However, a new analysis of extreme poverty released today by the World Bank shows that there are still 1.2 billion people living in extreme poverty, and despite recent impressive progress, Sub-Saharan Africa still accounts for more than one-third of the world's extreme poor.
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