Economy
Economic Survey 2024: 13.5 Crore Indians Escaped Multidimensional Poverty Between 2015-16 And 2019-21
Swarajya StaffJul 22, 2024, 04:07 PM | Updated 04:07 PM IST
India has made significant progress in reducing multidimensional poverty. (Rahul Varge)
In a notable development, an estimated 13.5 crore Indians have emerged from multidimensional poverty between 2015-16 and 2019-21.
The MPI, calculated by NITI Aayog and aligned with the global MPI framework published by UNDP, employs three equally weighted dimensions: health, education, and standard of living. These dimensions are further divided into 12 weighted indicators to assess poverty levels.
To be classified as MPI-poor, a household must have a weighted deprivation score of 0.33. The MPI index is derived by multiplying the headcount ratio by the intensity score.
