Poverty In India

Poverty What is Poverty? The state of being extremely poor is known as poverty. The Issue Poverty in India  is an important issue in India, despite having one of the fastest growing economies in the  world , clocked at a  growth rate  of 7.6% in 2015, and a sizable  consumer economy : Deutsche Bank Research estimated that there are nearly 300 million people who are middle class.  If current trends continue, India's share of world GDP will significantly increase from 7.3% in 2016 to 8.5% by 2020. [2]  In 2015, around 170 million people, or 12.4%, lived in poverty (defined as $1.90 (Rs 123.5)), a reduction from 29.8% in 2009. The World Bank has revised its definition and benchmarks to measure poverty since 1990, with $2 per day income on purchasing power parity basis as the definition in use from 2005 to 2013. The Poverty Line It is the estimated minimum level of income needed to secure the necessities of life. In 2012, the Indian governmen