A joint report by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) reveals that poverty reduction tends to be slowest in countries most affected by conflict.
The study which used UN MPI, based on 12 indicators such as malnutrition, education and sanitation, said rural areas saw the strongest fall in poverty.
UNDP index released Tuesday shows 55% of India was living under multidimensional poverty by 2005-06. This halved to 27.7% by 2015-16 and reduced further to 16.4% by 2019-21.
Data gathered through household surveys for over 6.1 billion people across 111 countries. In India, common deprivations were lack of housing, sanitation, cooking fuel & nutrition.
Global Multidimensional Poverty Index 2022 covers 111 developing countries & shows India's progress outranks countries worldwide & also contributed to decline in overall poverty in South Asia.
Indian refiners are testing Venezuelan barrels again as Russian supply sinks, but analysts say volumes will remain limited due to refinery constraints & supply capacity.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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