Latest data released by the World Bank shows the tale of two countries – India and Pakistan – and their journey to battle poverty – a colonial inheritance. The comparison, especially over the last 15 years, shows a stark difference in priorities between the two south Asian neighbours. While the data for India, released on Saturday, gives a comparative analysis of poverty between 2011-12 and 2022-23, for Pakistan, it highlights the same between 2017-18 and 2020-21. This also comes at a time when India’s economy has been in the news last week for surpassing that of Japan’s to become the fourth-largest in the world, and Pakistan’s was in the news last month for yet another bailout package from the IMF as it struggles to stay afloat. Keeping inflation as one of its primary indicators, the World Bank has revised its global income threshold from $2.15 per person, per day to $3 per person, per day to ascertain what percentage of the population lives above the ‘extreme poverty’ line. According to World Bank’s Poverty and Shared Prosperity report, despite the upward revision of per-person income, between 2012 and 2022, extreme poverty in India declined from 27.1 per cent to 5.3 per … Continue reading World Bank Data On India And Pakistan Shows Massive Contrast Over Poverty