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About how many Indians cannot meet their essential needs as per a report by McKinsey Global Institute (MGI) released on 19th February, 2014 ?
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- 66%
- 56%
- 46%
- 36%
- 66%
Correct Option: B
In its report, McKinsey Global Institute (MGI) estimated that 680 million Indians, or 56 per cent of the population, lacks the means to meet their essential needs. It proposed a new “empowerment line” that aims to measure the minimum economic cost for a household to fulfill eight most basic needs .
