Why World Bank's Poverty Figures are Unreliable

The economic policies of the World Bank and the International Monetary Fund (IMF) are implemented in most countries around the world. Many experts say that these policies are the most significant reason behind increasing poverty and economic inequality worldwide. A report on poverty around the world has been published by this World Bank. According to it, in the year 2020, due to Covid, five crore and sixty lakh people fell below the poverty line in India. But is this the correct figure? The World Bank has made a per capita limit of only Rs 44 per day while fixing the poverty line. That is, if someone earns more than this, then he is not poor. Should this limit be considered appropriate for determining the poverty line? For all these reasons, the question arises whether the whole world, including India, is only as poor as the World Bank says. Senior economic journalist Aunindyo Chakravarty discusses this issue in this video.