Global Multidimensional Poverty Index 2022

Global Multidimensional Poverty Index 2022: Number of Poor People in India Fell by About 415 Million Between 2005-06 & 2019-21 – Around 415 million people in India came out of poverty between 2005-06 and 2019-21 and poverty has dropped from 55% to just over 16% over this period, as per the Global Multidimensional Poverty Index 2022.

• In 2020, the largest number of poor people in the world — 228.9 million — lived in India. the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford released the MPI report.
• India’s MPI value fell from 0.283 in 2005-2006 to 0.122 in 2015-2016 to 0.069 in 2019-2021.
• India’s incidence of poverty fell from 55.1% in 2005-2006 to 27.7% in 2015-2016 to 16.4% in 2015-2016.
• The MPI report said The incidence of poverty fell from 36.6% in 2015-2016 to 21.2% in 2019-2021 in rural areas and from 9.0% to 5.5% in urban areas.

What is Global Multidimensional Poverty Index?

• The Global Multidimensional Poverty Index is a key international resource, aimed at measuring acute multidimensional poverty across over 100 developing countries.
• The global Multidimensional Poverty Index was first launched in the year 2010 by the OPHI and the Human Development Report Office of the UNDP.
• The MPI monitors deprivations in 10 indicators spanning health, education and standard of living and includes both incidences as well as the intensity of poverty.

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