Yashvir Budhwar’s Post

India eliminates extreme poverty! India has made significant strides in reducing extreme poverty. The population living below the international benchmark of $1.90 per day has fallen to just 2%. While discussions on the most appropriate poverty line continue among economists, other indicators paint a promising picture. For instance, the share of household expenditure dedicated to food has significantly decreased over the past two decades. In rural areas, this figure has dropped from 59% to 46%, and in urban areas, from 48% to 39%. This trend suggests a rise in disposable income, allowing families to allocate resources towards essential areas like healthcare, education, and better living standards. Key Takeaways: - India's fight against poverty is yielding positive results - Household disposable income continues to rise - Discretionary spend and investment in assets will get a boost #india #investing

India has eliminated extreme poverty, as commonly defined in international comparisons. This is an encouraging development with positive implications for global poverty headcount rates. This also means that time has come for India to graduate to a higher poverty line much like other countries. Implications for brands, Home grown as well as MNCs are immense. This large mass that is just out of poverty will consume quality (associated with brand -value proposition) products for decades. Good news is that there is an unprecedented decline in both urban and rural inequality. The urban Gini (x100) declined from 36.7 to 31.9; the rural Gini declined from 28.7 to 27.0. #growthstrategy #consumption

I am pleased to share the incredible news that India has achieved a significant milestone in its fight against poverty! The latest consumer-expenditure survey by the National Sample Survey Office reveals that India's official poverty rate has dropped below 5% for the first time ever. This remarkable achievement signifies a substantial reduction in poverty levels and a narrowing rural-urban divide in economic prosperity.The survey highlights that the average per capita monthly expenditure in rural households is 3,773 rupees ($45), while in urban households, it reaches 6,459 rupees ($78). This data indicates the lowest disparity in monthly expenditure between urban and rural Indians ever recorded by the NSSO. Moreover, there has been a notable 2.5-fold increase in consumption in both urban and rural households since the last survey, reflecting significant progress in alleviating poverty. This positive trend is further evidenced by changes in spending patterns, with a decrease in expenditure on cereals and grains and an increase in spending on fruit, vegetables, dairy products, and processed foods. These shifts suggest an evolving dietary pattern and improved economic well-being among the general population. India's success in reducing poverty to below 5% is a testament to the nation's resilience and commitment to economic development. Let's celebrate this remarkable achievement and continue to work towards a more prosperous and inclusive future for all Indians! #PovertyReduction #EconomicDevelopment #IndiaProgress #Growingindia #AbhiwanTechnology #growingtogether

India eliminates extreme poverty! Key Takeaways: - India's fight against poverty is yielding positive results - Household disposable income continues to rise - Discretionary spend and investment in assets will get a boost

Life is not the same for everyone. Be kind and respect what you have. According to the NITI Aayog CEO, "[If we adjust the poverty line with today's Consumer Price Index (CPI), we find that average consumption by the lowest 5 percent remains constant, indicating that poverty primarily affects this small fraction.] (https://lnkd.in/g-hVENHN Recent data shows some improvement for the extremely poor, there's still a concern, especially for the 5% of the population in rural areas who struggle to meet basic needs. As we embark on 'Amrit Kaal,' the next 25 years leading to India's 100th year of independence, there's much progress to be made. I request to focus on the positive message of the video and strive for a better future for all, without blaming anyone. Poverty is a complex issue with various factors contributing to it, and we must come together as a society to uplift the less fortunate and create equal opportunities for all. This requires collaboration and understanding, not division or blame. pls hashtag #REPOST 💫 this video to show your support & visit my services page: https://lnkd.in/gZfJMCrd

DO THEY HAVE A VOICE ? Majority of the people of India donot have any one to address their struggles, challenges and pains, they live and suffer in silence. The real stories from real India seldom interests the empowered 5% population, that has control of over 90 % of India's wealth. The Media has sold it's conscience to the people yielding money and power, they are 24×7 spewing & propogating hatred, division and false narratives. Corruption at all levels of Governance makes it impossible for the developmental funds to reach & benefit the most affected population. Lack of leadership, which is devoid of any passion , empathy, vision and plan makes the situation worse. ON POVERTY FIGURES The 2023 Multidimensional Poverty Index Report finds over a third of all poor people in the world live in South Asia—which is around 389 million people. India contributes significantly to this number, accounting for almost 70 percent of the increase in extreme poverty. Interestingly, many economists have pointed out that India with the current method of estimating poverty, which is based on the Household Consumption Expenditure Survey (HCES), is flawed & inaccurate . They say that HCES data is often inaccurate and that India should shift to collecting income data instead. STORY:- In Kushinagar, Uttar Pradesh, a father had to sell his son for Rs 20000, so that he could get his wife released from the hospital, which had detained her for non payment of the hospital bills amounting to Rs 4000. Now in this backdrop, it becomes inhumane & unacceptable for the rich people in India to show off their wealth by spending 1000's of crores on the wedding of their Children.

A huge milestone for India! Want to know more? Let's dive into the details together! #India has just achieved a major milestone, US-based think tank The Brookings Institution cited that India has now officially eliminated ‘extreme poverty’, owing to the government’s ‘strong policy thrust on redistribution’.  Let’s talk about key takeaways from the report:   -    Recent data reveals India's real per capita consumption growth at 2.9% annually since 2011-12, with rural areas outpacing urban growth (3.1% vs 2.6%). The report underscores that the higher consumption growth shouldn't come as a surprise due to the ‘strong policy thrust on redistribution’. -    The recent data illustrates an extraordinary reduction in both urban and rural inequality. These pivotal factors—robust growth and substantial declines in inequality—have synergised to eradicate extreme poverty in India, particularly at the Purchasing Power Parity USD 1.9 poverty line, as highlighted by Brookings. -    The data reveals fewer poor in India compared to The World Bank estimates. Notably, it excludes government-provided free food and public health/education usage, according to the #Brookings think tank. -    Brookings highlights initiatives such as the national mission for toilet construction and efforts to achieve universal access to electricity, modern cooking fuel, and piped water as policies that have boosted consumption. -    Another positive development: As of August 15, 2019, rural access to piped water in India stood at 16.8%. Today, it has surged to an impressive 74.7%, significantly improving public health outcomes. - Shamika Ravi (EAC to PM) underscores the importance of this milestone, “Extreme Poverty is now eliminated in India. The World Poverty Clock updates show India’s extreme poverty at less than 3 percent. This is one of the most significant global developments of our lifetime.”   India's official declaration of extreme poverty eradication marks a watershed moment, resonating with global standards of progress. This transformative achievement illuminates pathways of hope and promise, kindling the collective aspiration for a world where poverty is but a distant memory. In India's triumph, the world must find inspiration to forge ahead to a more equitable tomorrow. Karan Bhasin #SurjitBhalla #IndusLens #IndiaRise

India appears to be making positive strides in its battle against poverty. As per NITI Aayog's report, nearly 25 crore individuals have lifted themselves out of multidimensional poverty in 9 years, reducing the percentage from 29.17% in 2013-14 to 11.28% in 2022-23. Child poverty has also witnessed a notable reduction of over 40%. While these may look like mere statistics, they represent real improvements in the lives of millions who now have access to resources, making their lives easier. India's progress towards achieving the Sustainable Development Goal of halving multidimensional poverty by 2030 is promising, driven by initiatives like Poshan Abhiyan, Anaemia Mukt Bharat, and Ujjwala. As a nation, we are not only progressing globally but also getting stronger internally. Each improved life contributes to the nation's strength, highlighting India's growth as a nation where every citizen's well-being matters. #povertyalleviation #nitiaayog #indiarising

poverty in India Poverty refers to a situation in which a person remain underprivileged from the basic necessities of life. In addition, the person does not have an inadequate supply of food, shelter, and clothes. In India, most of the people who are suffering from poverty cannot afford to pay for a single meal a day. Also, they sleep on the roadside; wear dirty old clothes. In addition, they do not get proper healthy and nutritious food, neither medicine nor any other necessary thing. Causes of Poverty: The rate of poverty in India is increasing because of the increase in the urban population. The rural people are migrating to cities to find better employment. Most of these people find an underpaid job or an activity that pays only for their food. Most importantly, around crores of urban people are below the poverty line and many of the people are on the borderline of poverty. Besides, a huge number of people live in low-lying areas or slums. These people are mostly illiterate and in spite of efforts their condition remains the same and there is no satisfactory result. Furthermore, there are many reasons that we can say are the major cause of poverty in India. These causes include corruption, growing population, poor agriculture, the wide gap of rich and poor, old customs, illiteracy, unemployment and few more. A large section of people are engaged in an agricultural activity but the activity pays very less in comparison to the work done by employees. Also, more population needs more food, houses and money and in the lack of these facilities the poverty grows very quickly. In addition, being extra poor and extra rich also widens the gap between the rich and poor. Moreover, the rich are growing richer and the poor are getting poorer creating an economic gap that is difficult to fill up.#snsinstitutions #snsdesignthinkers #designthinking

🚀 India's Poverty Puzzle: GDP Growth vs. Wealth Redistribution A World Bank study in 2000 (Quoted by the Economic Survey 2021) revealed a fascinating insight into India's poverty reduction journey during the 1970s-1990s. 🤔 ✅ When GDP growth picked up from a mere 3.5% in the initial years, India could achieve a sustained decline in poverty. 🤑 The study found that a staggering 87% of the cumulative decline in poverty was attributed to the rise in the growth of mean consumption, while redistribution contributed to only 13%. 💡 This begs the question: should the focus be on driving robust economic growth or prioritizing wealth redistribution? 🗣️ Congress leader Rahul Gandhi has now vowed to conduct a survey to redistribute the wealth of Indians. 🤔 What are your thoughts on this complex issue? 🤔 Let's discuss and unpack the nuances together! https://lnkd.in/guiqjUr5 echap04_vol1.pdf (indiabudget.gov.in) #UPSC #GSPaper3 #WorldBank #PovertyReduction #EconomicGrowth #InclusiveDevelopment #Rahulgandhi