INSUBCONTINENT EXCLUSIVE:
Bibek Debroy, chairman of the Economic Advisory Council (EAC) to the Prime Minister (PM)3 min read Last Updated : Jun 19 2024 | 11:43 PM
IST
India needs a new poverty line to estimate the extent of deprivation in the country, said Bibek Debroy, chairman of the Economic
Advisory Council (EAC) to the Prime Minister (PM), on Wednesday
on the newly released Household Consumption Expenditure Survey (HCES) here, Debroy asked whether these latest results should be used to
The Rangarajan Committee report was never formally accepted and the MDPI is not quite a poverty line
tracks consumption trends across households, NITI Aayog in February had claimed that poverty had declined to below 5 per cent in FY23.
The
latest poverty line is based on the recommendations of an expert group headed by Professor Suresh Tendulkar, which submitted its report in
According to these estimates, poverty declined at an average rate of 0.74 percentage points per year between 1993-94 and 2004-05, and at
2.18 percentage points per year between 2004-05 and 2011-12.
For 2011-12, for rural areas the national poverty line using the Tendulkar
methodology is estimated at Rs 816 per capita per month and Rs 1,000 per capita per month in urban areas.
Later in June 2014, a committee
under the chairmanship of C Rangarajan also submitted its report on the poverty line and fixed it at a monthly per capita expenditure of Rs
1,407 in urban areas and Rs 972 in rural areas for 2011-12
based on 22 indicators, besides income
According to the latest NITI Aayog report released in January this year, 248.2 million Indians are projected to have come out of
multidimensional poverty between 2013-14 and 2022-23.
Debroy also pointed out that the new HCES data, released by the ministry earlier this
month, would also help determine inequality estimates
He highlighted that it was important to look at state-wise Gini coefficients to determine inequality levels as a countrywide estimate may
not present the full picture.First Published: Jun 19 2024 | 11:43 PMIST
