NITI Aayog CEO BVR Subrahmanyam has said India’s poverty level has fallen to just five per cent, signalling an improvement in the nation’s economic landscape. He cited the latest consumer expenditure survey conducted by the National Sample Survey Office (NSSO), indicating a significant rise in household consumption expenditure. It may be noted that the report has been … Read more
The NITI Aayog’s Discussion Paper ‘Multidimensional Poverty in India since 2005-06’ highlights the significant reduction in multidimensional poverty in India from 29.17% in 2013-14 to 11.28% in 2022-23. The paper, released by Prof Ramesh Chand, Member of NITI Aayog, credits the government’s initiatives to address all dimensions of poverty between 2013-14 and 2022-23. The Multidimensional … Read more
Poverty in Pakistan surged to 39.4 percent in the last fiscal year, with an additional 12.5 million people being pushed into poverty due to challenging economic conditions, according to the World Bank. The international financial institution has called on Pakistan to take immediate actions to achieve financial stability. The World Bank recently released draft policy … Read more