
India recently fell from the top of the list in the ranking of countries living with extreme poverty. Defined as living under an income of $1.90 a day, India had remained at the top spot for many years. In 2016, India had an estimated 124 million people living in extreme poverty.
Due to longstanding economic efforts, the rate of poverty in India has fallen dramatically. Today it is estimated to be around 70 million. The numbers are still high, but the rate of reduction is nothing but optimistic. Every minute, about 44 Indians come out of poverty, which is one of the fastest rates of poverty reduction in the world. Studies indicate a staggering projection of zero percent extreme poverty by 2030.
Economic Growth in India
These projections rest solidly on The World Poverty Clock, which tracks poverty rates in real time. Its information is collected from domestic surveys and The International Monetary Fund’s data mapper, World Economic Outlook (IMF WEO). The clock’s projections suggest the gap between India and Nigeria (which now holds the most citizens living in extreme poverty) is widening. The World Poverty Clock has reported that by 2021, the forecast shows that the number of Indians living in extreme poverty will fall below 3 percent of the population.
India’s decline in poverty is correlated with its years-long economic growth. Over recent decades, the nation has implemented many economic efforts to counter economic instability. Ranil Salgado, the head of the IMF team for India has stated that a recent policy called the goods and services tax, which “created a unified national market for the first time by lowering internal barriers to trade – effectively establishing a free trade agreement for a market of 1.3 billion people.” The tax increases economic activity, creating jobs and customers. GDP has steadily grown in recent years at a rate of about 5-6 percent, but Salgado expects a rate of 7.3 percent for 2018-2019.
Necessary Steps to Reducing Poverty
In order to maintain this amount of growth and keep it healthy, India will have to monitor its growth and implement necessary policies. Nobel Peace laureate Muhammad Yunus believes India should encourage microfinance institutions “to fill up the gaps left by the conventional banks, that only cater to the rich.”
Access to finance is like economic breathing. In order to be independent and sustainable economically, individuals coming out of extreme poverty in India need the agency and independence microfinance legislation would create. If done right, Yunus is strong in his belief the U.N.’s projection of zero percent extreme poverty in India will be reached by 2030.
India is showing that this is not an impossible feat, but a very plausible one. The outlook shows that further growth is still needed, but this necessary first step is an encouraging one for the future of India.
– Yumi Wilson
Photo: Flickr
The State of Poverty in 10 Dictatorship Countries
Among the 10 dictatorship countries profiled, poverty is endemic. Poverty alleviation in these 10 dictatorship countries is in some cases associated with human rights abuses, violent crackdowns on the political opposition and indigenous people. In the last two decades, however, some of these countries have moved towards embracing democracy, which has brought an influx of government institutions, nongovernmental organizations (NGOs) and foreign investment working to promulgate poverty alleviation.
The State of Poverty in 10 Dictatorship Countries
These 10 dictatorship countries have taken strides in increasing access to education, healthcare and economic growth. Such programs have been most successful in regards to pro-poor poverty reduction. The political outlook of some of these countries is improving, but there is still a lot of work needed to improve poverty in all of the countries listed.
– Sasha Kramer
Photo: Flickr
Zero Extreme Poverty in India by 2030?
India recently fell from the top of the list in the ranking of countries living with extreme poverty. Defined as living under an income of $1.90 a day, India had remained at the top spot for many years. In 2016, India had an estimated 124 million people living in extreme poverty.
Due to longstanding economic efforts, the rate of poverty in India has fallen dramatically. Today it is estimated to be around 70 million. The numbers are still high, but the rate of reduction is nothing but optimistic. Every minute, about 44 Indians come out of poverty, which is one of the fastest rates of poverty reduction in the world. Studies indicate a staggering projection of zero percent extreme poverty by 2030.
Economic Growth in India
These projections rest solidly on The World Poverty Clock, which tracks poverty rates in real time. Its information is collected from domestic surveys and The International Monetary Fund’s data mapper, World Economic Outlook (IMF WEO). The clock’s projections suggest the gap between India and Nigeria (which now holds the most citizens living in extreme poverty) is widening. The World Poverty Clock has reported that by 2021, the forecast shows that the number of Indians living in extreme poverty will fall below 3 percent of the population.
India’s decline in poverty is correlated with its years-long economic growth. Over recent decades, the nation has implemented many economic efforts to counter economic instability. Ranil Salgado, the head of the IMF team for India has stated that a recent policy called the goods and services tax, which “created a unified national market for the first time by lowering internal barriers to trade – effectively establishing a free trade agreement for a market of 1.3 billion people.” The tax increases economic activity, creating jobs and customers. GDP has steadily grown in recent years at a rate of about 5-6 percent, but Salgado expects a rate of 7.3 percent for 2018-2019.
Necessary Steps to Reducing Poverty
In order to maintain this amount of growth and keep it healthy, India will have to monitor its growth and implement necessary policies. Nobel Peace laureate Muhammad Yunus believes India should encourage microfinance institutions “to fill up the gaps left by the conventional banks, that only cater to the rich.”
Access to finance is like economic breathing. In order to be independent and sustainable economically, individuals coming out of extreme poverty in India need the agency and independence microfinance legislation would create. If done right, Yunus is strong in his belief the U.N.’s projection of zero percent extreme poverty in India will be reached by 2030.
India is showing that this is not an impossible feat, but a very plausible one. The outlook shows that further growth is still needed, but this necessary first step is an encouraging one for the future of India.
– Yumi Wilson
Photo: Flickr
Top 10 Facts About Yemen Child Soldiers
Yemen, a relatively small country located south of Saudi Arabia and east of the Red Sea, currently has one of the worst humanitarian crises on the planet. Similar to situations is most conflicts, Yemeni children have suffered immensely since the war began in 2014. In particular, Yemen has seen the recruitment of child soldiers as a common practice. Since this is a very serious issue, in the text below top 10 facts about Yemen child soldiers are presented.
Top 10 Facts About Yemen Child Soldiers
With the deadly conflict still raging in Yemen with no end in sight, it may be easy to lose hope. However, humanitarians at home and abroad are continuing to fight, especially for the children that are being manipulated into seeing their future as soldiers as the only way out. The hope is still alive that the joint effort of local authorities and international organizations will secure that these children go to school, not armories.
– Tanner Helem
Photo: Flickr
Top 10 Facts About Living Conditions in Bulgaria
Bulgaria is a country in southeastern Europe, neighboring Serbia and Macedonia to the west, Romania to the north, Greece and Turkey to the south and the Black Sea to the east. The country has been a member of NATO since 2004 and the EU since 2007. After its transition from Soviet control, it has sought to deepen its ties with the West. Bulgaria has improved a lot in its post-communist period from 1990 up to today, yet it still ranks near the bottom of EU lists on life expectancy, income per capita and several other areas. These are the top 10 facts about living conditions in Bulgaria you should know.
Top 10 Facts About Living Conditions in Bulgaria
The transition from a centralized, planned economy to a free market one has been tumultuous. The country has implemented changes, but it is lagging behind in its development compared to other member states in the EU. These facts about living conditions in Bulgaria focus on what needs to improve and how poverty in Bulgaria has ethnic, gender, age and rural dimensions.
The situation may look pessimistic based on some of these 10 facts about living conditions in Bulgaria, but despite its challenges, Bulgaria has vastly improved and continues to improve. The cultural environment is rich and diverse and tourism is flourishing in many parts of the country. Furthermore, telecommunications are highly developed with Internet speeds being some of the highest in the world.
Overall, these top 10 facts about living conditions in Bulgaria highlight that, while there is room for improvement, the country has great potential to continue developing into a wealthy, prosperous member of the EU.
– Aleksandra Sirakov
Photo: Pixabay
TOP 10 FACTS ABOUT HUNGER IN MALAWI
Top 10 Facts About Hunger in Malawi
Final Comments
These facts show us the challenges faced by people in Malawi. However, in collaboration with the government, local and international organizations are working to promote sustainable farming practices and empower communities. These efforts offer hope for a future with reduced food insecurity in the country.
– Aquillina Ngowera and Maria Waleed
Photo: Flickr
Updated: November 11, 2024
e-Commerce in India Encourages Female Empowerment
The e-commerce industry in India is growing at an unprecedented rate and is estimated to be worth $150 billion by 2022. This industry is expected to generate employment throughout the country; it includes e-travel, e-tail and e-financial services. Fashion retail is around 30 percent of the online retail searches and may reach as much as $35 billion by 2020. This will be a significant source of employment for women and minorities.
Supporting Digital Commerce
The Government of India has supported this sector through initiatives such as Digital India and Startup India. Digital India is a campaign to increase access to digital technology throughout the country by improving infrastructure, spreading awareness about digital technology and digitizing government services. This campaign has been endorsed by several high profile companies such as Google, Facebook and Microsoft. Other major initiatives, such as the GST (Goods and Services Tax), have coaxed the economy away from cash transactions towards the digital economy.
The Government of India has involved various stakeholders from the private and public sector to create an updated e-commerce policy that recommends improving the regulatory mechanism and enforcing certain protectionist barriers. The draft version of this policy includes providing data protection for users, giving more control to the founders of e-commerce and encouraging domestic production.
Helping Women Become Successful Entrepreneurs
The e-commerce industry in India is expected to generate more than a million jobs by 2023; this will not only increase jobs in the corporate sector but also in industries such as logistics, warehousing, customer care, human resources and technology. This will benefit many Indians in both urban and rural areas.
Studies show that more than 70 percent of online sellers come from smaller towns, and more than 20 percent of them are women. Thus, e-commerce encourages women entrepreneurship and adds to the growth of the economy. Creating opportunities for women to be economically independent helps fight gender norms and make progress towards economic equality of the sexes.
Many women are selling products within the fashion, health and wellness as well as handicraft industries. The ability to work from home is a convenient and effective way to earn a living, and it also supplements family incomes. Studies show that empowering women has a huge impact on the health and well being of the family.
An online portal named Mahila-e-Haat is an organization that facilitates a direct interaction between vendors and buyers. It provides support to women who wish to gain financial independence; this group is expected to help 125,000 women nationwide.
Craftsmanship on the Rise
Global as well as local companies are contributing to the market by expanding the workforce. Many traditional craftsman and artisans have been able to use this platform to sell their products. Now, they can continue the age-old traditions of craftsmanship while at the same time break free from the traditional costs of the middleman.
Plus, the e-commerce industry in India is empowering small manufacturers since many e-commerce companies are employing experienced craftsman, many of whom were not formally employed before, but rather, worked with their families unofficially.
– Isha Kakar
Photo: Flickr
Top 10 Facts About Hunger in the Congo
Top 10 Facts About Hunger in the Congo
While these facts about hunger in Congo demonstrate the severity of the situation, progress has been and is still being made to improve it. Through the efforts of various organizations, such as the World Food Program, SDG 2 of zero hunger is achievable.
– Massarath Fatima
Photo: Flickr
Updated: September 24, 2024
Top 10 Facts About Hunger in Mexico
Mexico has suffered from the effects of poverty and food insecurity for decades. The problem does not lie in food unavailability but in the fact that areas living in poverty do not make enough money to purchase necessary goods. This issue is being addressed and alleviated by nonprofit organizations like The Hunger Project (THP) and even the country’s President, Enrique Peña Nieto. In the text below top 10 facts about hunger in Mexico are presented.
Top 10 Facts About Hunger in Mexico
The top 10 facts about hunger in Mexico highlight the main problem which can be summarized in the fact that the food is available but cannot be accessed due to the different reasons mentioned above.
– David Daniels
Photo: Flickr
Top 10 Facts About Poverty in Belarus
Belarus is a country in Eastern Europe bordering Russia and Ukraine. Instead of integrating with the rest of the region, the country, known popularly as “White Russia”, is the last dictatorship in Europe. In the text below, top 10 facts about poverty in Belarus are presented.
Top 10 Facts about Poverty in Belarus
Despite the reforms and efforts that have been achieved, Belarus is in desperate need of internal and external reform. It needs to create a stable social security system that will allow social mobility rather than punishing people for being poor and reaching a more equitable society for all.
– Maneesha Khalae
Photo: Flickr
Top 10 Facts About Living Conditions in Iraq
Decades of war and conflict have left their mark on Iraq. The lack of stability in the region has made the productive investment a challenge and limited private sector consumption and growth. Living conditions in Iraq are often strenuous and many people struggle with poverty, unemployment and malnutrition.
The struggle has marked the recent past for many Iraqis, however, despite setbacks, the country is trying to rebuild itself. In May 2018, the country had its first national election since the war with ISIS, instilling hope in many people that Iraq is on it’s way to political stability. The hope is that times of war are in the past and a new Iraq lays ahead. In the text below, top 10 facts about living conditions in Iraq are presented.
Top 10 Facts About Living Conditions in Iraq
When looking at Iraq, one can see a country set back and hurt by decades of conflict. Currently, though, the country is not at war and the national election this past May marked the progress of the living conditions in the country since the chaos of a year ago. However, a voting recount and partisan negotiations have made the results of the election vague and uncertain.
Reflective of the frustration of this election and the futile optimism of the Iraqi people is a quote from Hawla Habib, a professor at Mustansiriya University in Baghdad explaining that “all Iraqis care about their nation, it’s just that many are too tired to think anymore.”
– Clarke Hallum
Photo: Flickr