Govt mulls more frequent job data surveys
India's Ministry of Statistics and Programme Implementation (MoSPI) is considering increasing the frequency of the Periodic Labour Force Survey (PLFS) from quarterly urban unemployment data to monthly, and shifting the release of rural employment data from annual to quarterly. Officials are also discussing revising the base year for gross domestic product (GDP) and inflation. These efforts aim to leverage technology to enhance efficiency and reduce data lag, ensuring compliance with international standards. Key Points
Economic Timespoverty estimates the new weapons in India's statistics war. But confusion began decades ago
At one point, India was the leading developing country that created a statistical system to monitor living standards. But today, there is rank confusion. Key Points
ThePrintIndia’s poverty rate declined to 4.5-5% in 2022-23: SBI Research
India's poverty rate declined to 4.5-5% in 2022-23, with rural poverty declining to 7.2% and urban poverty down to 4.6%. This decline is attributed to government programmes targeted at those at the bottom of the pyramid. Spending inequality is shrinking due to enhanced infrastructure and increased discretionary spending. The new weights in HCES data are likely to lower inflation numbers. Key Points
Economic TimesNearly 25 crore Indians moved out of multidimensional poverty in last 9 years, says NITI Aayog paper
According to report, UP registered biggest decline in number of poor, followed by Bihar, MP, Rajasthan, where 3.77 crore, 2.30 crore and 1.87 crore people escaped poverty in the period. Key Points
ThePrint25 crore people in India came out of multidimensional poverty in 9 years: Report
As many as 24.82 crore people moved out of multidimensional poverty in nine years to 2022-23, said a report by NITI Aayog. Multidimensional poverty in the country declined from 29.17 per cent in 2013-14 to 11.28 per cent in 2022-23. Key Points
India Today
In 9 years, 248mn pulled out of multidimensional poverty: Niti Aayog paper
India’s so-called multidimensional poverty fell from 29.17% in 2013-14, when the Modi government assumed power, to 11.28% in 2022-23 | Latest News India Key Points
Hindustan TimesOver 24.8cr people moved out of multidimensional poverty in India in 9 years: NITI report
India Business News: According to a recent NITI Aayog report, 24.82 crore individuals in India have escaped out of multidimensional poverty between 2013-14 and 2022-23. Ut Key Points
Times Of IndiaA comprehensive assessment of deprivation must consider non-monetary metrics too
Informed policy decision-making requires a grasp of how the hard-up are faring on multiple counts. Economists need reliable measures of multidimensional poverty for global comparisons. Key Points
mintChild poverty levels in the UK worst among world’s richest nations, UNICEF report finds
Child income poverty rates in the United Kingdom were the highest among the world's richest countries, a report by U.N. children's agency UNICEF said, ranking bottom of the table for changes in those rates in the past decade. Key Points
ReutersInternational Day for Eradication of poverty 2023: Date, theme, history and significance
The International Day for the Eradication of Poverty, celebrated annually on October 17, aims to promote understanding and dialogue between people living in poverty and the wider society. Ending poverty is not just helping the poor – it is giving every woman and man the chance to live with dignity. Key Points
mint
Aspirational districts fare better in poverty reduction
The average decline in number of multidimensionally poor was higher for aspirational districts between 2015-16 and 2019-21. However, they still lag the country in poverty ratio—the proportion of people who are multi-dimensionally poor or lacking access to basic facilities. Key Points
Economic Times135 million fewer multidimensional poor in 2021 compared to 2015: NITI
Multidimensional poverty in India has decreased from 24.85% in 2015-16 to 14.96% in 2019-21, says a report | Latest News India Key Points
Hindustan Times13.5 cr Indians out of multidimensional poverty during FY16-21: Niti Aayog report
There was a decline of 9.89 percentage points in the number of India’s multidimensionally poor from 24.85% in FY16 to 14.96% in FY21 Key Points
mint135 million Indians move out of multidimensional poverty in five years: NITI Aayog report
India has significantly reduced multidimensional poverty in the past five years, according to the National Multidimensional poverty Index, released by NITI Aayog. Out of a population of 1.366 billion, 135 million Indians moved out of multidimensional poverty, with the proportion of poor reducing from 24.8% to 14.9%. Uttar Pradesh saw the highest decline, with 34.3 million people escaping poverty, followed by Bihar and Madhya Pradesh. Key Points
Economic Times13.5 cr Indians move out of multidimensional poverty in 5 years: Niti Aayog report
India witnessed 13.5 crore people moving out of multidimensional poverty between 2015-16 and 2019-21 with fastest reduction in Uttar Pradesh, Bihar, Madhya Pradesh, Odisha and Rajasthan, a Niti Aayog report said on Monday. Key Points
The Tribune India
UN praises 'remarkable' India as 415 million exit poverty levels in 15 years
In April, India surpassed China to become the world’s most populous nation with 142.86 crore people, according to UN data. | Latest News India Key Points
Hindustan TimesIndia sees 415 million people coming out of poverty in 15 years: United Nations
India witnessed an achievement in poverty reduction as 415 million people moved out of poverty within 15 years, from 2005/2006 to 2019/2021, according to the United Nations. The Multidimensional poverty Index update also highlighted that 25 countries, including China, Cambodia, and Vietnam, managed to halve their global MPI values within the same timeframe, demonstrating the possibility of rapid progress, but acknowledged the negative effects of the COVID-19 pandemic on poverty reduction. Key Points
Economic TimesIndia registers remarkable reduction in poverty; 415 million people out of poverty level in just 15 years: UN
India lifted 415 million people out of poverty within 15 years, according to the UN. The achievement was highlighted in the latest update of the Multidimensional poverty Index. 25 countries, including India, successfully halved their MPI values within the same timeframe. Key Points
mintExplainSpeaking: What India must not learn from the US
New research shows that, notwithstanding its position as the richest economy in the world, the US has the poorest record (among the rich countries) of alleviating poverty from one generation to another. The trouble lies in the US government’s policy choices — something that India must not copy. Key Points
The Indian ExpressNo poor people in China? Videos showing poverty vanish from social media
In 2021, Xi Jinping declared “a comprehensive victory in the battle against poverty” in China. Yet many Chinese people remain poor or live just above the poverty line. poverty has become a taboo subject that draws ire from the Chinese government. Key Points
India Today
Arvind Panagariya’s new paper: ‘After pandemic, poverty kept falling every quarter from July-Sept 2020’
According to the paper, it is only during the strict lockdown period of April-June 2020 that rural poverty saw a “modest rise”. But it fell for the full year 2019-20, even if at a significantly lower rate. It witnessed a sharp decline in 2020-21 as in the pre-Covid year of 2018-19. Key Points
The Indian ExpressAnti-poverty schemes may help poor children’s brains grow normally
The relationship between brain development and low-income is relatively well-established, but the role of anti-poverty policies in this relationship is not. A new study fills this gap. Key Points
The HinduWhy Bihar which pulled 27% out of poverty still has a big task at hand
A recent Niti Aayog report said at least 25 crore Indians were pulled out of multidimensional poverty in the last 9 years. Here's a look at why Bihar, despite a good performance, still tops the poverty chart and has a big task at hand. Key Points
India Today'Over 30% families in Bihar surviving on income less than Rs6000'
In accordance with the report presented by Minister of Parliamentary Affairs Vijay Kumar Chaudhary, there were approximately 2.97 crore families residing in the state, with over 94 lakhs (or 34.13%) living in poverty Key Points
FirstpostIMF chief: Global economic growth to be less than 3%
The International Monetary Fund chief said on Thursday the world economy is expected to grow less than 3% this year, down from 3.4% last year, increasing the risk of hunger and poverty globally. Key Points
The Tribune India
Poor no longer? Dimensions of poverty in India
Around 135 million Indians exited ‘multidimensional poverty’, a measure of deprivation beyond money, between 2015-16 and 2019-21, the Niti Aayog says. The basis of calculation is the National Family Health Survey (NFHS). Mint explains: Key Points
mintMultidimensional poverty rose in nearly half of Delhi’s districts. Schooling deprivation up too
Five of Delhi’s 11 districts saw rise in multidimensional poverty between 2016 and 2021, shows NITI Aayog report. Share of education in city’s multidimensional poverty increased too. Key Points
ThePrintHow have Indians at large fared under this government?
While we have no survey data on incomes since 2011-12, multiple sources suggest a decline or deceleration in what working Indians earned in the last five years. These grim readings may be at variance with claims made in the budget speech but mass distress warrants attention. Key Points
mintIndia among top countries with high income, wealth inequality: new UNDP report
A recent UNDP report reveals that India, despite rapid economic growth, grapples with high income and wealth inequality. While the country reduced multidimensional poverty from 25% to 15% between 2015-16 and 2019-21, disparities persist, particularly among vulnerable groups like women and informal workers. The report emphasizes the urgent need for investments in human development, job creation, and environmental sustainability to address these challenges. Key Points
Economic TimesThe world is seeing huge transitions — these will reshape our approach to development: Achim Steiner
There is a great deal of interest in technological horizons now — its fair to say that digital will transform virtually every aspect of development. Think of our ability, as seen during the pandemic, to very swiftly use data, identify the most vulnerable people and establish a digital platform for cash transfers as an essential temporary income — there are realms of possibility now which didnt even exist until a few years ago. Key Points
Economic Times
Bihar caste survey shows 34% of households in poverty, 46 lakh live outside state for livelihood
The caste survey report presented in the Bihar state assembly today revealed that 34% of families in the state lived in poverty, with a monthly income of Rs 6,000 or less. This poverty affected not only the backward classes, Dalits, and tribals but also the upper castes. The report also noted that over 50 lakh Biharis were working in other states or abroad for better opportunities. The state's literacy rate is 79.70%, with a higher rate among women compared to men. Key Points
Economic TimesNext generation reforms to avoid middle-income trap: Suman Bery
In an interview, NITI Aayog vice chairman Suman Bery discusses the impact of staying on the fiscal glide path on India's credit ratings and private investment. He praises the finance minister for staying the course on fiscal consolidation, which provides headroom for the Reserve Bank of India and impacts the credit ratings of corporates and banks. Bery notes that the timing is right for a huge capex cycle in the private sector and emphasizes the need for regulatory reforms, decentralization, and freeing up sectors like agriculture and energy. He also mentions the importance of transparency in land markets, digitization, and artificial intelligence. Additionally, Bery highlights the challenge of a growing population and the progress made in reducing multidimensional poverty, but suggests that more significant measures may be included in the full budget. Key Points
Economic TimesExpress View on delay of Consumption Expenditure Surveys, census: Let data flow
Accurate and timely data forms the bedrock of policy making. Measures need to be taken to strengthen statistical system, safeguard its independence. Key Points
The Indian ExpressFormer Chinese premier Li Keqiang dies of heart attack: State media
Li Keqiang was once viewed as a top Communist Party leadership contender, but became increasingly sidelined by Xi in recent years. He memorably said in 2020 that over 600 million people in China earned less than the equivalent of $140 per month, sparking a wider debate on poverty and income inequality. Key Points
Economic Times‘Severe blow’: IMF head expects less than 3 pc global economic growth in 2023, down from 3.4 pc last year
The International Monetary Fund chief said on Thursday the world economy is expected to grow less than 3 per cent this year, down from 3.4 per cent last year, increasing the risk of hunger and poverty globally. Key Points
The Tribune India