One-third of worlds poor lives in India: World Bank
Poverty Here Is Worse Than Even Sub-Saharan Africa
India is home to roughly one-third of all poor people in the world. It also has a higher proportion of its population living on less than $2 per day than even sub-Saharan Africa. That is the sobering news coming out of the World Banks latest estimates on global poverty.
The fine print of the estimates also shows that the rate of decline of poverty in India was faster between 1981 and 1990 than it was between 1990 and 2005.This is likely to give fresh ammunition to those who maintain that economic reforms have failed to reduce poverty at a faster rate.