IMF's Report on India’s Poverty


  • Recently a report ‘Pandemic, Poverty, and Inequality: Evidence from India’ was released by the International Monetary Fund (IMF).
  • As per the report, Extreme poverty in India was recorded at less than 1% in 2020 and 2021 - the period which was a peak of the COVID wave in the country.
  • The organization credited the ‘Pradhan Mantri Garib Kalyan Anna Yojana’ (PMGKAY) for preventing the country from rising the ratio of extreme poverty.
  • Currently, extreme poverty in India is recorded at 0.284% as of 1993-94. Maintaining such a low percentage for consecutive years can be considered the elimination of extreme poverty in the country.
  • Extreme poverty is defined as “less than purchasing power parity (PPP) of USD 1.9 per person per day”.


Facts to know: 


  • PMGKAY, a food security scheme was launched in March 2020 to provide free food grains to those in need.
  • The scheme was extended till September 2022.
  • The scheme is operated by the Department of Food and Public Distribution.
International Monetary Fund

Never search for

exam resources

Get them delivered to you

Email Subscription
preparing for jeet

Preparing for Govt. Exams?

Here is you path to Jeet

View courses