Within a span of just 15 years (2005/6–19/21), India saw a remarkable reduction in poverty, with 415 million people exiting poverty, stated the latest update of the global Multidimensional Poverty Index (MPI) released by United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford. The report demonstrates that poverty reduction is achievable.
The report revealed that 25 countries successfully halved their global MPI values. within 15 years, showing that rapid progress is attainable. These include Cambodia, China, Congo, Honduras, India, Indonesia, Morocco, Serbia, and Viet Nam.
The global MPI both monitors poverty reduction and informs policy, showing how people experience poverty in different aspects of their daily lives – from access to education and health, to living standards such as housing, drinking water, sanitation, and electricity. The MPI as a poverty index can be pictured as a stacked tower of the interlinked deprivations experienced by poor individuals, with the aim of eliminating these deprivations.