| | In 2005, one in three of the
people in the world who
consumed less than $ 1.25 a day
(at 2005 purchasing power parity)
lived in India – more than any
other country. They accounted for
about 40 per cent of India’s
population. Twenty-five years
earlier, 60 per cent of India’s
population lived below the same
real line. While this is clear
progress, India’s long-term pace
of poverty reduction by this
measure is no more than average
for the developing world,
excluding China.
This article first discusses the
methodology underlying the
World Bank’s recent revised
estimates of global poverty and
then analyses the Indian numbers.
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