According to the Economic Survey 2023-24, how many Indians are estimated to have escaped multidimensional poverty between 2015-16 and 2019-21?

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  1. 13.5 crore
  2. 10 crore
  3. 20.5 crore
  4.  16.5 crore

Answer (Detailed Solution Below)

Option 1 : 13.5 crore
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The correct answer is 13.5 crore.

Key Points

  • The Economic Survey 2023-24 highlighted that 13.5 crore Indians escaped multidimensional poverty between 2015-16 and 2019-21.
  • This significant reduction was attributed to the government’s focus on inclusive growth and targeted welfare programs.
  • Multidimensional poverty considers multiple deprivations, such as health, education, and living standards, beyond monetary poverty.
  • India demonstrated remarkable progress in poverty reduction, aligning with its Sustainable Development Goals (SDGs).
  • The report utilized data from the National Family Health Survey (NFHS) and UNDP's Multidimensional Poverty Index (MPI).

Additional Information

  • Multidimensional Poverty Index (MPI):
    • A measure developed by the UNDP and Oxford Poverty & Human Development Initiative (OPHI).
    • It assesses poverty beyond income, focusing on deprivations in health, education, and living standards.
    • Indicators include nutrition, child mortality, years of schooling, access to clean water, electricity, and housing.
  • National Family Health Survey (NFHS):
    • A large-scale, multi-round survey conducted in India by the Ministry of Health and Family Welfare.
    • NFHS provides data on population, health, and nutrition trends across states and the country.
    • It is a crucial resource for policymaking and tracking progress on poverty alleviation.
  • Sustainable Development Goals (SDGs):
    • Adopted by the United Nations in 2015, SDGs consist of 17 global goals aimed at ending poverty, reducing inequality, and tackling climate change by 2030.
    • India’s efforts to reduce multidimensional poverty align with SDG 1: No Poverty.
  • Government Welfare Programs:
    • Several schemes such as Ayushman Bharat, PM-KISAN, and Pradhan Mantri Awas Yojana contributed to poverty reduction.
    • Focus on housing, healthcare, education, and financial inclusion has improved living standards for millions.
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