Multi-dimensional poverty index

Why in news

• NITI Aayog is preparing a Multidimensional Poverty Index (MPI) parameter dashboard to rank states and Union Territories.
• The dashboard will help compare state performances and aid India’s rise in the Global Multidimensional poverty index.

About global Multidimensional Poverty Index (MPI):

• It is released annually United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI).

What is MPI?

• The global Multidimensional Poverty Index (MPI) is an international measure of acute poverty covering over 100 developing countries.
• It complements traditional income-based poverty measures by capturing the severe deprivations that each person faces at the same time with respect to education, health and living standards.

Parameters

• The index identifies deprivations across the same three dimensions as the Human Development Index (HDI)

MPI 2020-highlights

• 1.3 billion People live in multidimensional poverty globally.
• About 84.3 percent of multidimensionally poor people reside in Sub-Saharan Africa (558 million) and South Asia (530 million).

India’s status

• Over 273 million people in India moved out of poverty in the decade since 2005-06.
• The poverty rate in the country nearly halved over the 10-year period i.e. from 55% to 27.9%.

PRELIMS QUESTION

"Multi-dimensional poverty index” is published by:
(a)World bank
(b)World economic forum
(c)UNDP
(d)Oxfam

Answer to prelims question