Global Multi-Dimensional Poverty Index

• Global Multi-Dimensional Poverty Index 2023 titled – ‘Unstacking global poverty: Data for high impact action’ was recently released by United Nations Development Program (UNDP) and Oxford Poverty and Human Development Initiative (OPHI).
• The index is designed to measure acute poverty, understood as a person’s inability to meet minimum internationally agreed standards.
• It focuses on SDG 1, i.e. ending poverty in all its form.
• The MPI tracks deprivations in 10 indicators across 3 dimensions for 110 countries.
• It was first launched in 2010.

MAJOR FINDINGS

• 25 Countries have halved Multidimensional Poverty within 15 Years.
• About 11 Billion of total population of 6.6 Billion in 110 countries (near 18%) remains Multidimensionally poor.
• Sub Saharan Africa and South Asia are home to approximately five out of every six poor people.
• Nearly two-thirds of all poor people (730 million) live in middle-income countries, and low-income countries constitute only 10% of MPI.

WITH RESPECT TO INDIA

• India is one of the 25 nations that halved its multidimensional poverty within 15 years.
• India still has more than 230 million people who are poor.
• Almost 415 million poor people moved out of poverty from 2005-06 to 2019-21.
• Incidence of poverty declined significantly from 1% to 16.4% over the same period.
• India progressed significantly in all the three deprivation indicators: Health, Education, Standard of living.
• The poorest states and groups, including children and people in disadvantaged caste groups, had the fastest absolute progress.