Global poverty could rise to more than one billion in the wake of the Covid 19 crisis, and more than half of the 395 million extreme poor

New York: Global poverty could rise to more than one billion in the wake of the Covid 19 crisis, and more than half of the 395 million extreme poor will be from South Asia, which would be hardest-hit region in the world, according to a new report.

All of this was revealed in a study by researchers at King's College London and the Australian National University. The study is published in a new journal of the United Nations University's Institute for Global Development Economics Research.

Photo The study says that poverty in middle-income developing countries will increase dramatically, which will increase poverty globally.

According to the study, if USD 1.90 a day is considered a measure of poverty and the epidemic shrinks by 20 per cent, the remaining 395 million more will fall into the category of the poor.

More than half of them will be from South Asian countries. The main reason for this is the poverty of the large population of India.

Photo About 30 per cent of the new arrivals, or 119 million, will be in sub-Saharan Africa. In such a scenario, the number of poor in the developing countries of South Asia and East Asia may increase again.

According to the study, the number of poor people in the world could reach over one billion due to the crisis caused by the epidemic.