ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Poverty measured at the international poverty line of $1.90 a day is used to track progress toward meeting the World Bank target of reducing the share of people living in extreme poverty to less than 3 percent by 2030.

Detailed explanation-2: -For more information on the topic, read the 2022 Poverty and Shared Prosperity Report. 648 million people in the world, about eight percent of the global population, live in extreme poverty, which means they subsist on less than US$2.15 per day.

Detailed explanation-3: -People living below a poverty line don’t have enough to meet their basic needs. Countries typically define national poverty lines, and we use the lines of a group of the poorest countries to define the international extreme poverty line of $1.90 per day.

Detailed explanation-4: -The international poverty line is set at $2.15 per person per day using 2017 prices. This means that anyone living on less than $2.15 a day is in extreme poverty. About 648 million people globally were in this situation in 2019.