The Multidimensional Poverty Index was launched by the UNDP and the Oxford Poverty & Human Development Initiative (OPHI) in 2010. Basic philosophy and significance of MPI is that it is based on the idea that poverty is not unidimensional (not just depends on income and one individual may lack several basic needs like education, health etc.), rather it is multidimensional.
The MPI measures overlapping deprivations at the household level across the same three dimensions as the Human Development Index (health, education and living standards). The index shows the proportion of poor people and the average number of deprivations each poor person experiences at the same time.