India No Longer The Country With Most Number of Poor: Study
“At the end of May 2018, Nigeria had about 87 million people in extreme poverty, compared with India’s 73 million”.
Nigeria has overtaken India as the country with the largest number of extreme poor in early 2018, a 19 June 2018 report published in the ‘Future Development’ blog of Brookings claims.
Forty-four people escape poverty every minute in India, according to the World Poverty Clock. It projects that less than 3 percent of Indians will be poor by 2030, and that extreme poverty could be altogether eliminated by 2030.
According to the Brookings report, poverty in India continues to fall, while ‘extreme poverty’ in Nigeria is growing by six people every minute.
“At the end of May 2018, our trajectories suggest that Nigeria had about 87 million people in extreme poverty, compared with India’s 73 million,” the study adds.
The report, titled ‘The start of a new poverty narrative’, states that the Democratic Republic of the Congo could soon take over the second spot.
Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.