Which Indian state leads in poverty reduction, with 5.94 crore people escaping multidimensional poverty according to the NITI Aayog report?

Daily Current Affairs

Bihar

Maharashtra

Uttar Pradesh

Madhya Pradesh

Correct Answer : Uttar Pradesh

NITI Aayog report reveals that 24.82 crore people in India have successfully moved out of multidimensional poverty from 2013-14 to 2022-23. The decline is remarkable, dropping from 29.17% to 11.28% during this period. The multidimensional poverty index assesses deprivations across health, education, and standard of living using 12 sustainable development goals-aligned indicators.

State-Level Progress: Uttar Pradesh, Bihar, and Madhya Pradesh Lead the Way :

At the state level, Uttar Pradesh takes the lead with 5.94 crore people escaping poverty, followed by Bihar at 3.77 crore and Madhya Pradesh at 2.30 crore. All 12 indicators, encompassing nutrition, mortality rates, education, and more, witnessed significant improvements.

Accelerated Decline: India Aims for Single-Digit Poverty Rates by 2024 :

NITI Aayog member Ramesh Chand highlights the accelerated pace of poverty reduction, translating to 2.75 crore people escaping multidimensional poverty annually. The government is committed to bringing multidimensional poverty below 1%, with efforts directed towards this ambitious goal.

Sustainable Development Goals: India on Track for Early Achievement :

The report suggests that India is poised to achieve Sustainable Development Goals, particularly SDG 1.2 (reducing multidimensional poverty by at least half), well before the 2030 deadline. The accelerated decline is attributed to various government initiatives targeting specific deprivation aspects.

Future Outlook: India Set to Reach Single-Digit Poverty Levels by 2024 :

Anticipating a continued positive trajectory, the report envisions India reaching single-digit poverty levels by 2024. The paper underscores the government’s commitment and the impact of targeted initiatives in driving this transformative change.

Published On : January 16, 2024

Solar’s Ascendance in India :

In 2015, India ranked ninth in solar energy deployment, but by 2023, it produced 5.8% of its electricity from solar, up from 0.5% in 2015. This significant increase underscores India’s commitment to clean energy and its pivotal role in mitigating climate change.

Global Solar Growth Trends :

Ember’s report highlights that solar energy witnessed a remarkable increase globally, with 2023’s solar generation exceeding six times that of 2015. The top four solar growth countries, including India, accounted for 75% of this growth, emphasizing the widespread adoption of solar power worldwide.

Published On : May 9, 2024

Q .

India's Toy Exports Slip to _____ Million in 2023-24

$102.92

$121.19

$139.53

$152.34

Correct Answer : Option (D) - $152.34

India’s toy exports experienced a slight decline to USD 152.34 million in the fiscal year 2023-24, with limited benefits from quality control measures. Despite efforts to bolster the domestic industry and ensure product safety, exports did not see significant improvement.

Declining Export Trends :

Export figures dropped marginally from USD 153.89 million in the previous fiscal year to USD 152.34 million in 2023-24, as outlined by the Global Trade Research Initiative (GTRI). Despite a modest increase in exports from FY’2020 to FY’2022, the subsequent year witnessed a downturn.

Import Trends :

Conversely, imports rose to USD 64.92 million in 2023-24 from USD 62.37 million in the preceding year, indicating a persistent challenge in balancing trade dynamics.

GTRI’s Recommendations :

Comprehensive Industry Development Strategy : GTRI Founder Ajay Srivastava emphasized the necessity for a holistic approach to foster the growth of India’s toy industry and bolster exports.

Domestic Ecosystem Strengthening : Developing a robust domestic ecosystem is paramount, alongside measures to encourage renowned global toy brands to establish manufacturing facilities within India’s borders.

Published On : May 9, 2024

Q .

India Leads Global Remittances, Surpassing _____ Billion Mark.

$50

$100

$200

$250

Correct Answer : Option (B) - $100

India emerged as the global leader in remittances in 2022, receiving over $111 billion, surpassing the $100 billion mark for the first time. The International Organisation for Migration (IOM) highlighted India, alongside Mexico, China, the Philippines, and France, as the top five remittance recipient countries.

Consistent Growth: From $53.48 Billion to $111.22 Billion

The UN’s World Migration Report 2024 underscored India’s consistent growth in remittances, noting a rise from $53.48 billion in 2010 to $111.22 billion in 2022. This significant increase showcases India’s pivotal role in the global remittance landscape.

Southern Asia’s Significance in Global Remittances :

The IOM emphasized Southern Asia’s importance as a major recipient of global remittances, attributed to its high proportion of migrant workers and emigrants. India, Pakistan, and Bangladesh all ranked among the top ten recipients worldwide, highlighting the sub-region’s reliance on labor migration.

Prominent Migration Corridors and Destination Countries :

While India ranks 13th as a destination country for immigrants, it features prominently in various international migration corridors, including India-United Arab Emirates, India-Saudi Arabia, and Bangladesh-India, all of which are among the top 10. This indicates India’s significant role in global labor migration patterns.

Published On : May 9, 2024