India’s poverty rates fell from 51% to 37% between 1990 and 2008. But it will still not reach the required Poverty Headcount Ratio (percentage of population below the national poverty line) of 23.9% by 2015 to achieve the Millennium Development Goal (MDG). Now, the national HCR stands at 47.8%, and India will achieve poverty HCR level of 26.72% by 2015.
The Millennium Development Goals, 2012, report, released by the United Nations on Monday, says by 2015, 1 billion people will live across the globe on less than $1.25 a day — a global extreme poverty rate of 16%. Four out of every five persons living in extreme poverty will be found in sub-Saharan Africa and Southern Asia (of which India is the major country).