Humanity is still a long way from achieving what has eluded it for thousands of years: a world free of poverty and hunger. However, in a large portion of the developing world, the last thirty years have brought us closer to achieving this goal.
Millions of people’s lives have been transformed at a rate truly unprecedented, and to an extent which seemed unimaginable only a generation ago. Even today, however, there is no room for stagnation, as nearly 1.2 billion people—a fifth of the world’s population—live in abject poverty.
Poverty is defined as a person’s inability to meet basic needs such as food, clothing, shelter, health, and education. Poverty Is Divided Into Two Types- Poverty is divided into two types. Absolute and relative poverty
The government’s approach to poverty reduction was multi-faceted:
Poverty, on the other hand, is declining in India. It has approximately 84 million people living in extreme poverty, accounting for 6% of its total population as of May 2021. The prevalence of multidimensional poverty has decreased significantly by 2020, from 54.7 percent in 2005 to 27.9 percent in 2015–2016.