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Third of world's poorest people living in India, says World Bank

One in three of the world's poorest people are living in India, the world's second-fastest growing economy, according to a study by the World Bank.

While new figures show that the number of those in extreme poverty – surviving on 96 cents per day or less – has declined significantly, India now has a greater share of the world's poorest than it did 30 years ago.

Then it was home to one fifth of the world's poorest people, but today it accounts for one-third – 400 million.

The study, 'The State of the Poor: Where are the Poor and Where are the Poorest?', found the number of extremely poor people had declined from half the world's population in 1981 to one fifth in 2010, but voiced concern at its increase in Sub-Saharan Africa and continuing high level in India.

World Bank president Jim Yong Kim said while the overall decline was "remarkable progress", the remaining 1.2 billion people living in extreme poverty was "a stain on our collective conscience." (© Daily Telegraph, London)

Irish Independent