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Poverty, Inflation, Fear: 'Egypt's Economy Pushed To Brink'

Stores are selling winter clothes from last season in the middle of summer. Repair shops lack spare parts for appliances. There's a waiting list to buy a new car. Egypt, a country of more than 103 million people, is running low ...

Extreme Poverty In India Declines 12.3% In Last Decade: World Bank Report

Extreme poverty in India declines by 12.30% in the last decade, from 2011 to 2019, a recent World Bank report has informed recently. Additionally, the poverty headcount rate has also declined from 22.5% in 2011 to 10.2% in 2019. In rural ...

Wealth Made By 100 Richest Indians Amid COVID-19 Enough To Give Rs 94k Each To 13.8 Cr Poorest

Since COVID-19 outbreak in March 2020, India's top 100 billionaires have seen their fortunes increase by Rs 12,97,822 crore and this amount is enough to give 13.8 crore poorest Indians a cheque for Rs 94,045 each, said a report. The latest ...

Consumer Spending Decreases To A 4-Decade Low; Food Consumption Also Hit

Mentioning the details of the survey which has not been made public, a leading business daily has suggested that consumer spending has hit a 4-decade low in 2017-18. The data has been compiled in real terms i.e. adjusted for inflation and ...

India’s Poverty Rate Has Halved Since 1990s: World Bank

On Tuesday, the World Bank said that India has halved its poverty rate since the 1990s and achieved a seven-plus growth rate over the last 15 years. Ahead of its annual meeting with the International Monetary Fund, World Bank said that ...

India Elevated 271 Mn People Out Of Poverty Between 2006 And 2016: UN Report

According to a United Nations report, 271 million people were lifted out of poverty between 2006 and 2016 in India, recording the fastest reductions in the multidimensional poverty index values during the period with strong improvements in areas such as "assets, ...

India Will Uplift Around 25 Million Households Out Of Poverty By 2030: WEF

India is going to largely tackle its biggest factor holding its economy back-poverty- by 2030. In a report released earlier this year, the World Economic Forum said that the country will uplift around 25 million households out of poverty and reduce ...

India No Longer the Land of the World's Largest Number of Poor People

A study revealed that India's title of the home to the world's largest number of poor has been taken over by Nigeria. The African country took over India in early 2018. A study published on 'Future Development' blog of Brookings said, "At ...

El Nino likely to impact farm production, food prices: Economic Survey

After three years of bumper crop harvest, India's agriculture production may be impacted this year if a likely El Nino torpedoes monsoon rainfall, putting pressure on food prices, the Economic Survey said today. With the Met Department predicting 71 per ...

Aadhaar card will help eradicate poverty: World Bank chief

Describing Aadhaar card as one of the best example of integration of technology for social welfare use, the World Bank President, Jim Yong Kim, believes that this massive effort by the Indian Government would help in achieving the goal of poverty ...

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