Describe Poverty Trends in India Since 1973

By Durga Prashanna Mishra|Updated : September 5th, 2022

Poverty Trends in India Since 1973, it has decreased a lot. In 1973 the poverty rate of India was about 55% which decreased to 36% in 1993. In addition, the proportion of people below the poverty line further decreased to about 26% in 2000. If this trend continues, it is expected that the poverty line will come below 20% in the next few years.

Poverty Trends in India Since 1973 

Although the percentage of people under the poverty line has decreased since 1973, the number of people living below the poverty is still the same. In 2011-12 the poor population of India still remained to be 270 million in both rural and urban areas.


Year

Poverty Ratio (%)

Number of Poor ( in Millions)

Rural

Urban

Combines

Rural

Urban

Combined

1973-74

56.5

49.0

57.9

261

60

321

1993-94

37.3

32.4

36.0

244

76

320

1999-2000

27.1

23.6

26.1

193

67

260

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FAQs

  • As per the Economic Survey of 2017-18, poverty has declined significantly in India since 193. However, the number of poor still remains high.

  • The poverty ratio in 1973 was around 55%. However, since then poverty has declined significantly in India. 

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