20 crore and 70 lakh more people may go into extreme poverty by 2030

A new study by the United Nations Development Program (UNDP) has revealed that 20 crore and 70 lakh more people may go into extreme poverty by 2030 due to the severe long-term consequences of the Covid-19 pandemic, and if that happens, there will be immense worldwide The number of poor people will cross one billion.

The study assessed the impact on the Sustainable Development Goals (SDGs) due to different scenarios of recovering from Covid-19, and the multidimensional impacts that would occur over the next decade due to the epidemic. The study is part of a long-standing partnership between the UNDP and the Pardee Center for International Futures at the University of Denver.
According to the study, due to the severe long-term consequences of the Covid-19 pandemic, by 2030, 20 million more people can go towards extreme poverty. If this happens, the number of extremely poor people across the world will cross one billion.

20 crore and 70 lakh more people may go into extreme poverty by 2030
20 crore and 70 lakh more people may go into extreme poverty by 2030

The ‘baseline covid’ scenario, based on current mortality and the International Monetary Fund’s (IMF) recent growth rate estimates, would be that four million and four million additional people will be living in extreme poverty by 2030, compared to the growth path the world was on before the epidemic Will be hit.

It states that under the ‘High Damage’ scenario Covid-19, 20 crore 70 lakh more people can go towards extreme poverty by 2030. UNDP Administrator Achim Steiner said that the new poverty research has shown that the choices that leaders will make at this time can take the world in different directions.