India, Sept. 3 -- To close the genderinequality, $48 billion will be needed, with this number potentially increasing if governments either act too late or fail to act

The novel coronavirus disease (COVID-19) pandemic has not only increased the poverty rate for women, but has also increased the inequality between men and women living in poverty, according to a United Nations Development Programme (UNDP) and UN Women report.

The poverty rate for women was earlier projected to decrease by 2.7 per cent between 2019 and 2021, but with the coming of the pandemic, it has increased to 9.1 per cent, showed the data released September 2, 2020.

By 2021, for every 100 men living in poverty between ages 25 and 34 years globally on $1.9 (Rs 139.38) ...