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Source-This post is based on the article “India’s multidimensional poverty rate down to 11.28% in 2022-23 from 29.17% in 2013-14” published in “The Indian Express” on 16th January 2024.
Why in the News?
Recently, NITI Aayog has released a discussion paper ‘Multidimensional Poverty in India since 2005-06’.
What are the key findings of the NITI Aayog discussion paper?
Note: The discussion paper utilizes MPI data (MPI, 2023, released in July 2023) derived from the National Family Health Surveys (NFHS) conducted in 2015-16 and 2019-21, along with NFHS-3 data from 2005-06, to analyze long-term poverty trends. You can also say that it is an updated version of previously released Multi-Dimensional Poverty Index 2023.
1) India has registered a significant decline in multidimensional poverty in India from 29.17% in 2013-14 to 11.28% in 2022-23 (a reduction of 17.89 percentage points).
– In numbers about 24.82 crore people escaped multidimensional Poverty in last 9 years.
2) Uttar Pradesh topped the list with 5.94 crore people escaping poverty followed by Bihar and Madhya Pradesh.
3) The paper reveals a faster decline in the poverty headcount ratio from 2015-16 to 2019-21 (10.66% annual rate) compared to the period 2005-06 to 2015-16 (7.69% annual rate).
4) All 12 indicators of MPI have recorded significant improvement during the entire study period.
5) India is poised to achieve single-digit poverty rates by the year 2024.
6) India is likely to achieve Sustainable Development Goals (SDGs) 1.2 (reducing multidimensional poverty by at least half) much ahead of 2030.
What is National Multidimensional Poverty Index(MPI)?
1) The National MPI is a metric used to evaluate poverty in a country by considering multiple dimensions beyond income or consumption expenditure.
2) Indicators- The index is based on three equally weighted dimensions – health, education and standard of living – which in turn are represented by 12 indicators.
– However, the National MPI covers 12 indicators while global MPI covers 10 indicators.
3) Methodology– The National MPI by Niti Aayog uses the Alkire Foster methodology to assess the decline in poverty rates.
| For more information on National MPI Click here to read |
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