India Economy Thread

A steep decline in the poverty headcount ratio during the last 9 years. The poverty headcount ratio reduced from 29.17 per cent in 2013-14 (Projected) to 11.28 per cent in 2022-23 (Projected). According to the discussion paper released today by NITI Aayog Multidimensional poverty in India since 2005-06, 24.82 crore individuals estimated to have escaped multidimensional poverty during the last 9 years: NITI Aayog

Over the past nine years, India has witnessed a remarkable transformation in poverty reduction, with the Modi government playing a pivotal role in this achievement. According to a discussion paper on National Multidimensional Poverty in India since 2005-06 - -A staggering 24.82 crore Indians have emerged from multidimensional poverty. The Poverty Headcount Ratio has plummeted from 29.17% in 2013-14 to just 11.28% in 2022-23, marking a reduction of 17.89 percentage points in less than a decade.-This period saw an accelerated annual poverty reduction rate of 10.66% between 2015-16 and 2019-21, a notable increase from the 7.69% rate observed from 2005-06


to 2015-16 of UPA era. The largest decline in poverty was recorded in Uttar Pradesh, where 5.94 crore people overcame poverty, followed by Bihar (3.77 crore), Madhya Pradesh (2.30 crore), and Rajasthan (1.87 crore).The Modi government's schemes have been instrumental in this progress. For instance, the Ayushman Bharat & PM Jan Aushadhi Kendra are reducing the out-of-pocket expenditure. Pradhan Mantri Awas Yojana is providing housing to the rural and urban poor, PM Kisan has contributed to more disposable income at hand these all have contributed in Poverty alleviation. According to the paper the drop in Multidimensional Poverty Index (MPI is more pronounced in poorer states like Uttar Pradesh, Bihar, and Madhya Pradesh, which previously struggled with issues like connectivity and electricity access, is a testament to the effectiveness of these initiatives. the CAPEX push, which drive infrastructure development, have yielded tangible results in these regions., indicating a narrowing of regional disparities. This remarkable poverty in states.All 12 indicators of the MPI have shown substantial improvement, reflecting a holistic approach to addressing the complex issue of poverty. The Modi government's focus on the saturation of schemes has ensured that the benefits reach the most needy, thereby empowering people and enabling them to break free from the shackles of poverty

1705329198026.png1705329314785.png


www.ndtvprofit.com

24.82 Crore People Escaped Multidimensional Poverty In Last Nine Years, Says NITI Aayog

Uttar Pradesh registered the largest decline in the number of poor, followed by Bihar, Madhya Pradesh and Rajasthan.
www.ndtvprofit.com www.ndtvprofit.com
 
Niti Aayog Member Ramesh Chand says, " ...The data we have made is on multidimensional poverty, in this, even if a person is uneducated, it is poverty, if somebody's health is not good, that is also poverty, if somebody doesn't have a proper home, electricity connection or water, it is also poverty...from that angle, if we see, in 2014, around 29% people were multidimensionally poor, they lacked these things and by 2022-23, it has reduced to 11.28%...this is an indicator of progress..."
To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.
 
To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.
 
Last edited:
DDG-80 said:
m.economictimes.com

Hyundai Motor plans second plant in India, commits Rs 7000 crore investment in Maharashtra

Hyundai Motor, a renowned carmaker, is set to invest Rs 7,000 crore in the establishment of its second plant in India. The company has made this move after acquiring a previously inactive factory from General Motors Co. The investment agreement between Hyundai and the western state of...
m.economictimes.com m.economictimes.com

@CallSignMaverick
Click to expand...
The company has announced a massive investment in excess of $4 billion or Rs 33,000 crore in the country which will go into capacity expansion, battery assembly, development of new technologies like EVs and hydrogen, and also build the R&D and design capability in the country which is linked to the global R&D hubs.

Speaking at the launch of the new Creta in the national capital, Kim said, "Our commitment to India remains unwavering. We recently announced an investment of Rs 6,180 crore. This is in addition to the already announced investment of Rs 20,000 crore towards capacity expansion, new products and a battery pack assembly plant."

If one were to add Rs 7000 crore investment likely to be committed in the state of Maharashtra, Hyundai Motor India's cumulative investment in India will grow to Rs 33,180 crore for the coming decade.
www.autocarpro.in

Commitment to India unwavering, new investments to chart journey for next decade, says Unsoo Kim, MD, Hyundai Motor India | Autocar Professional

Commitment to India unwavering, new investments to chart journey for next decade, says Unsoo Kim, MD, Hyundai Motor India
www.autocarpro.in www.autocarpro.in

@CallSignMaverick
 
To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.
 
1705499907942.png
This 16,800-square metre facility is set to accelerate the company's export operations
in the ASEAN region, starting with Vietnam from 2024. The made-in-India kits will be shipped from India to Vietnam for final production

“Powering Ahead in 2024, we are looking at reaching more customers in India and expanding our reach in the international market. Further advancing this goal, Skoda Auto Volkswagen India is strategically placed to support the Group’s ASEAN market strategy. For this, we have launched the Parts Expedition Centre at the Chakan facility in Pune to support locally-manufactured parts supplies for production in Vietnam starting from 2024. These initiatives represent major strides toward expanding our market presence on a broader scale,” Arora said.
www.autocarpro.in

Skoda Auto Volkswagen India clocks 101,465 units in CY23, to begin parts exports to Vietnam in CY24 | Autocar Professional

The combined sales of the five car brands – Skoda, Volkswagen, Audi, Porsche, and Lamborghini – grew by 4 percent in CY23.
www.autocarpro.in www.autocarpro.in

Complementing this domestic success, exports grew by 32% (year-on-year) with 44,248 units shipped from India, underlining SAVWIPL's expanding global reach
auto.economictimes.indiatimes.com

Skoda Auto Volkswagen India sells 145,713 units in 2023

Skoda Auto Volkswagen India: Complementing this domestic success, exports grew by 32% (year-on-year) with 44,248 units shipped from India, underlining SAVWIPL's expanding global reach. Additionally, the Group's overall customer deliveries witnessed a 4% growth in the domestic market, indicating...
auto.economictimes.indiatimes.com auto.economictimes.indiatimes.com

@CallSignMaverick
 
DDG-80 said:
To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.


@CallSignMaverick
Click to expand...

I read somewhere they are also increasing size of GIFT (land is crazy expensive now ) also there is already a school in there so collage make sense as it also has residential buildings.
 
To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.
 
To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.
 
You must log in or register to reply here.

Users who are viewing this thread

Total: 4 (members: 0, guests: 4)

Pakistan Defence Latest

Country Watch Latest

Latest Posts

Share this page

Back
Top