A recent study by Oxford Poverty and Human Development Initiative (OPHI) has revealed that many developing and poor countries are progressing at an impressive rate in reducing poverty.
The study measured the poverty using a new scale, Multidimensional Poverty Index, or MPI, which considered factors other than income like education, health and sanitation.
Out of the 22 countries included in the study, Nepal, Rwanda and Bangladesh performed the best in eradicating poverty.
Nepal showed remarkable progress in areas like nutrition, child mortality, electricity, improved flooring and assets. While Rwanda showed good improvement in sanitation and water, and Bangladesh improved sanitation and education.
India progressed at a much slower rate when compared to its much poorer neighboring countries, Nepal and Bangladesh.
As the MPI looks at different factors of poverty it helps indentifying the most essential needs in any society or region and accordingly improve the living conditions of those people.
According to the researchers, with current progress rate many countries could eliminate acute poverty within another 20 years.