Saturday April 21, 2018
Home India India home to...

India home to most poor, but poverty rate lowest: World Bank

0
//
48
epa03394045 Elderly women beg money at a pavement in Calcutta on 11 September 2012. India's official poverty rate as per Planning Commission, stands at 29.8 per cent, or near to 350 million people using the 2010 population figures. EPA/PIYAL ADHIKARY
Republish
Reprint

Washington: India was home to the largest number of poor in 2012, but its poverty rate was one of the lowest among those countries with the largest number of poor, according to a new World Bank report.

A new methodology applied to household surveys in India also suggests that its poverty rate could be even lower, the report noted.

For 2011-12, India’s poverty rate using the so-called “uniform reference period” (URP)-based consumption was 21.2 percent.

But a new method introduced in 2009-10 by the National Sample Survey Organization using a shorter recall period for food items brings down the poverty rate to a significantly lower figure of 12.4 percent.

From a broader historical perspective, the global poverty rate has fallen by approximately 1 percentage point a year since 1990, with rapid poverty reduction in China and India playing a central role in this outcome, the report noted.

Tentative projections for global poverty in 2015 suggest that the global headcount may have reached 700 million, leading to a poverty rate of 9.6 percent.

The number of people living in extreme poverty around the world was likely to fall to under 10 percent of the global population in 2015, according to World Bank projections.

This gives fresh evidence that a quarter-century-long sustained reduction in poverty is moving the world closer to the historic goal of ending poverty by 2030, the report said.

For the last several decades, three regions, East Asia and Pacific, South Asia, and Sub-Saharan Africa, have accounted for some 95 percent of global poverty.

In its regional forecasts for 2015, the Bank said poverty in South Asia would fall to 13.5 percent in 2015, compared to 18.8 percent in 2012.

“Development has been robust over the last two decades but the protracted global slowdown since the financial crisis of 2008, is beginning to cast its shadow on emerging economies,” said World Bank Chief Economist Kaushik Basu.

“There is some turbulence ahead,” added Basu, a former chief economic adviser to the Indian government.

“The economic growth outlook is less impressive for emerging economies in the near future, which will create new challenges in the fight to end poverty and attend to the needs of the vulnerable, especially those living at the bottom 40 percent of their societies,” he said.

(by Arun Kumar, IANS)

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

World could see 140mn climate migrants by 2050: Report

World Bank Chief Executive Officer Kristalina Georgieva said the new research provides a wake-up call to countries and development institutions

0
//
27
climate change is happening at a quickened pace and thus leading to melting of huge ice bergs
climate change is happening at a quickened pace and thus leading to melting of huge ice bergs
  • Three regions can witness migration due to climate change
  • The regions also include South Asia
  • It is important to take measures to control climate change

Three densely populated regions of the world, including South Asia, could see internal climate migrants of over 140 million people in the next three decades if climate change impacts continue, a new World Bank Group report finds.

The report, “Groundswell — Preparing for Internal Climate Migration”, released on Monday, finds that unless urgent climate and development action is taken globally and nationally, the three regions — Sub-Saharan Africa, South Asia and Latin America — together could be dealing with tens of millions of internal climate migrants by 2050.

World can witness migration of many due to climate change. VOA
World can witness migration of many due to climate change. VOA

These people will be forced to move from increasingly non-viable areas of their countries due to growing problems like water scarcity, crop failure, sea-level rise and storm surges.

The “climate migrants” would be an addition to the millions of people already moving within their countries for economic, social, political or other reasons, the report warns. The exodus could create a looming humanitarian crisis and will threaten the development process.

Also Read: Climate change driving dramatic rise in sea levels: NASA

However, with concerted actions — including global efforts to cut greenhouse gas emissions and robust development planning at the country level — this scenario could be dramatically reduced by up to 80 per cent or more than 100 million people.

The report is the first and most comprehensive study of its kind to focus on the nexus between slow-onset climate change impacts, internal migration patterns and, development in these three developing regions of the world.

World Bank Chief Executive Officer Kristalina Georgieva said the new research provides a wake-up call to countries and development institutions. “We have a small window now, before the effects of climate change deepen, to prepare the ground for this new reality,” Georgieva said.

It is important to control climate change now.

“Steps cities take to cope with the upward trend of arrivals from rural areas and to improve opportunities for education, training and jobs will pay long-term dividends. It’s also important to help people make good decisions about whether to stay where they are or move to new locations where they are less vulnerable.”

The research team, led by World Bank Lead Environmental Specialist Kanta Kumari Rigaud, include researchers and modellers from CIESIN Columbia University, CUNY Institute of Demographic Research, and the Potsdam Institute for Climate Impact Research.

Also Read: Maharashtra’s climate action plan yielded disappointments

They applied a multi-dimensional modelling approach to estimate the potential scale of internal climate migration across the three regions. They looked at three potential climate change and development scenarios, comparing the most “pessimistic” (high greenhouse gas emissions and unequal development paths), to “climate-friendly” and “more inclusive development” scenarios in which climate and national development action increases in line with the challenge. Across each scenario, they applied demographic, socio-economic and climate impact data at a 14 sq.km grid-cell level to model likely shifts in population within countries.

This approach identified major “hotspots” of climate in- and out-migration – areas from which people are expected to move and urban, peri-urban and rural areas to which people will try to move to build new lives and livelihoods. “Without the right planning and support, people migrating from rural areas into cities could be facing new and even more dangerous risks,” the report added. IANS