And half of the world’s poor live in just 5 countries – World Bank Blogs.
The world experienced the lowest extreme poverty rates in 2015. India among the top 5 countries accounting for world poverty.
In year 2014, the World Bank established two long-shot goals:
Obliterating Extreme Poverty
According to 2019’s Poverty and Shared Prosperity report, put together by the World Bank, the world economy continues in baby steps towards acheiving this goal.
All the same, poverty is rising in countries with social and political injustices. Sub-Saharan countries like Sudan which face extreme conflict situations and unstable governments are leaving the poorest 40% of the world behind.
The number of poor is falling. Does that mean the world is going to be free of the man-made problem?
Consequently, the world has seen a fall in the number of poor by 68 Million in the last two years. The final goal is to diminish world poverty to less than 3% of global population.
Promoting Shared Prosperity
The world Bank looks to promote growth of the world’s poorest 40%. The progress is driven by solid global growth of technology and making education available to all.
The world bank report states that half of all countries included in the global povety counts have already achieved this goal. But how are the countries left out of this counts doing?
However, there is no absolute answer to this question, owing to the lack of data.
World Poverty – An unending fight
All this progress does not mean the struggle is nearing the end. The fight against poverty is far from over. The ongoing Sudanese struggle is one ongoing example of the various conflicts the world is facing today.
When compared to the levels of poverty in 1990, poverty has seen a fairly consistent fall. This has been caused by the exponential growth of technology and the global efforts to include all groups of human into the world’s economy.
The difference between global poverty in 1990 and 2015 is one billion wide but it has grown sluggish over the past few years.
Poverty In India
But, despite the rapid growth over the last two decades and uplifting a staggering 133 Million people out of poverty, India makes it to the list of 5 countries accounting for half of world’s poverty struck.
As the world gears up for a population explosion, expecting to add about 1.7 billion people to world population by year 2030. It is estimated that 90% of this urban population boom will be experienced in Asia and Africa.
Statistics suggest that over 400 Million people will be living in Indian cities by 2030.
By: Chitresh Sehgal, Senior Editor, Dkoding Media