Over 56 Million Indians Pushed Into Poverty Due To COVID-19 In 2020: World Bank Report

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According to the report “Poverty and Shared Prosperity 2022,” the pandemic was a major setback to global poverty. It caused the global extreme poverty rate to rise from 8.4 percent in 2019 to 9.3 percent in 2020.By the end of 2020, 71 million people would have fallen into extreme poverty, bringing the global total to over 700 million.

According to the World Bank, the most populous countries contributed the most to the rise in global poverty. According to the report, India accounted for 56 million of the estimated 71 million increase in the number of poor people.

However, despite being the most populous country, China did not contribute significantly to the global poverty increase in 2020. In 2020, the country experienced a “moderate economic shock.”

According to the World Bank, the most populous countries contributed the most to the rise in global poverty. According to the report, India accounted for 56 million of the estimated 71 million increase in the number of poor people.

However, despite being the most populous country, China did not contribute significantly to the global poverty increase in 2020. In 2020, the country experienced a “moderate economic shock.”

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