Hello and welcome to the Current Affair's Portal of ExamPundit.in. India accounted for the largest number of poor people in any country in 2012, but its poverty rate was lowest among countries having large number of poor population, a latest World Bank report has said.
According to the report, the number of people living in extreme poverty around the world is likely to fall to under 10 per cent of the global population in 2015.
"India was home to the largest number of poor in 2012, but its poverty rate is one of the lowest among those countries with the largest number of poor," the bank said.
Giving fresh evidence that a quarter-century-long sustained reduction in poverty is moving the world closer to the historic goal of ending poverty by 2030, it said a new methodology applied to household surveys in India suggests that its poverty rate could be even lower.
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