India’s poverty ratio dropped to 21.9% in 2011-12 from 37.2% in 2004-05, the fastest fall in several decades, as faster economic growth raised incomes across segments and propped up the spending power of millions of people. “In 2011-12, India had 270 million persons below the Poverty Line compared to 407 million in 2004-05, a reduction of 137 million over the seven-year period,” the plan panel said. The maximum number of poor people reside in UP (598.19 lakh), Bihar (358.15 lakh), MP (234.06 lakh), Maharashtra (197.92 lakh) and West Bengal (194.98 lakh). Source: Financial Express
Posted on: Wed, 24 Jul 2013 06:25:31 +0000