India’s rural poverty has shot up
5 years, 1 month ago

India’s rural poverty has shot up

Live Mint  

Ever since India moved to a high growth trajectory in the 1980s, poverty rates have consistently declined over time. A Mint analysis of the consumption expenditure numbers reported by the National Statistical Office in a hushed-up report suggests that rural poverty rose nearly 4 percentage points between 2011-12 and 2017-18 to 30 percent even as urban poverty fell 5 percentage points over the same period to 9 percent. Among large states, Bihar saw the greatest rise in poverty between 2011-12 and 2017-18, with poverty rate rising by a whopping 17 percentage points to 50.47 percent. The analysis is based on the inflation-adjusted state-wise poverty lines for rural and urban areas reported by the erstwhile Planning Commission in a 2013 note. The second assumption relates to the adjustment in the poverty lines based on differences in consumption figures, as reported by the mixed reference period and modified mixed reference period.

India Poverty Rural States Survey Report Based Reported Mrp Nso Poverty Rates Mmrp Urban Poverty Consumption Figures Rural Poverty  report  states  shot  indias  based  survey  poverty  201112  reported  consumption  figures  rural

History of this topic

Mint Primer: How to read SBI’s latest poverty estimates
5 days, 23 hours ago

Mint Primer: How to read SBI’s latest poverty estimates

Live Mint  

A recent report by the State Bank of India has stirred up the proverbial hornet’s nest with its claims of a sharp reduction in poverty levels in India, particularly rural areas, in the past decade. The Suresh Tendulkar Committee calculated the poverty line at ₹816 per capita per month for rural areas and ₹1,000 for urban areas in 2011-12. In …

Indian economy: Betwixt questions and half answers
1 week, 4 days ago

Indian economy: Betwixt questions and half answers

New Indian Express  

It is that time of the year when public attention coalesces around the economy—and the second quarter GDP growth of 5.4 percent has catalysed angst among the public. The Household Consumption Expenditure Survey of 2023-24 reveals that the rural Indian’s average monthly per capita expenditure is at Rs 4,122 and for the urban Indian is Rs 6,996—up from Rs 1,430 …

'Double engine' of private investment, mass consumption derailed under Modi government: Congress
2 months ago

'Double engine' of private investment, mass consumption derailed under Modi government: Congress

New Indian Express  

Congress general secretary in-charge communications Jairam Ramesh urged the government to accept what the Congress has been proposing - raising MGNREGA wages to a minimum of Rs.400 per day, guaranteeing MSP and a loan waiver for farmers, and a monthly income support scheme for women - to kickstart income growth in rural India. Last week, several CEOs from India Inc …

MGNREGS demand not a real indicator of rural distress: Economic Survey
5 months, 3 weeks ago

MGNREGS demand not a real indicator of rural distress: Economic Survey

The Hindu  

Laying the groundwork for revisiting the Mahatma Gandhi Rural Employment Guarantee Scheme as a poverty alleviation tool, Chief Economic Adviser V. Anantha Nageswaran on July 22 noted in the Economic Survey that demand under the scheme was not a “real indicator” of rural distress. According to the survey, while Tamil Nadu has less than 1% of the poor population in …

Basic survival no longer an issue in India, says Niti Aayog
6 months ago

Basic survival no longer an issue in India, says Niti Aayog

Hindustan Times  

New Delhi: India has made significant progress in eliminating poverty, especially in the past nine years, and according to Niti Aayog’s SDG Index 2023-24, the country is expected to achieve the SDG target 1.2 of halving multidimensional poverty much ahead of 2030. In 2022-23, it further dropped to 11.28%, with 24.8 crore people moving out of multidimensional poverty between 2013-14 …

PM’s Economic Advisory Council chief Bibek Debroy pitches for a review of India’s official poverty line
6 months, 3 weeks ago

PM’s Economic Advisory Council chief Bibek Debroy pitches for a review of India’s official poverty line

The Hindu  

Making a pitch to revisit the country’s poverty line, Prime Minister’s Economic Advisory Council chairman Bibek Debroy on Wednesday questioned whether a decline in inequality as suggested by the latest household consumption expenditure survey was a “good thing”, and termed the debate over the gap between the survey’s findings and spends measured in the national income accounts as “sterile”. “We …

Rural-Urban Consumption Dynamics in India
7 months ago

Rural-Urban Consumption Dynamics in India

Deccan Chronicle  

Over the past decade, India has witnessed a notable rise in consumption spending in both rural and urban areas, indicating a shift in economic dynamics and lifestyle choices. Furthermore, the changing food habits of the Indian populace have contributed to the evolving consumption patterns observed in both rural and urban areas. In conclusion, the equivalent rise in consumption spending in …

India logs fall in inequality between 2011-12 and 2022-23, says govt report
7 months, 1 week ago

India logs fall in inequality between 2011-12 and 2022-23, says govt report

Hindustan Times  

Inequality in both rural and urban areas of India fell between 2011-12 and 2022-23, according to a full report on Household Consumption Expenditure released on Friday by the National Sample Survey Office. The full report released Friday shows a fall in the Gini coefficient, a commonly used measure of inequality, for both rural and urban spending between 2011-12 and 2022-23 …

LS polls: Rural hardship hurts BJP
7 months, 1 week ago

LS polls: Rural hardship hurts BJP

Hindustan Times  

New Delhi: Faced with the police’s tear gas and rubber bullets, farmers from Punjab have been protesting outside Delhi since February, a reprisal of the uprisings of 2020 and 2021, albeit on a smaller scale. Farmers protesting against new farm laws While the Bharatiya Janata Party has dominated large swathes of India’s rural heartland in the last 10 years, discontent …

Declining poverty ratio: a continuing trend
8 months ago

Declining poverty ratio: a continuing trend

The Hindu  

The release of the fact sheet of the Household Consumption Expenditure Survey for 2022-23 by the National Sample Survey Office led to estimations of poverty and inequality trends by many researchers. The estimated poverty ratios declined from 29.5% in 2011-12 to 10% in 2022-23 based on the Rangarajan Committee’s poverty lines and from 21.9% in 2011-12 to 3% in 2022-23 …

Poverty and inequality debate resurfaces in election season
8 months, 2 weeks ago

Poverty and inequality debate resurfaces in election season

Hindustan Times  

As Indians heads to the poll this season, a new chapter is being written in a very old debate about poverty and inequality in India. This debate has been stirred up by the release of new data from a government- The economist Maitreesh Ghatak spoke about the resurgent debate over poverty and inequality on last week’s episode of Grand Tamasha, …

Data on what Indians earn does have plenty to reveal of poverty in India
9 months, 1 week ago

Data on what Indians earn does have plenty to reveal of poverty in India

Live Mint  

Even though the fact-sheet on the Consumption Expenditure Survey has been officially released, the debate on poverty is far from over. For all of India, it would imply a poverty line of ₹445 per day, slightly higher than the government notified minimum wages. This was only ₹310 per day in case of agricultural workers, lower than the estimate reported by …

Turning the spotlight on the urban poor
9 months, 1 week ago

Turning the spotlight on the urban poor

The Hindu  

The India Employment Report 2024 by the Institute for Human Development and International Labour Organization poses questions on the trickle-down effect of benefits to the working class in the backdrop of a 5.4% average real economic growth, from 2015-16 to 2022-23. Hence, an analysis of income and employment trends of slum dwellers would reveal the prospects of economic mobility and …

What the new expenditure survey says about poverty
9 months, 2 weeks ago

What the new expenditure survey says about poverty

New Indian Express  

The publication of a fact sheet by the National Sample Survey Office, containing the results of the NSS Household Consumer Expenditure Survey data for 2022-23, a decade after the publication of the last survey data in 2011-12, has again sparked a debate regarding poverty in India. Using the 2022-23 data on average monthly per capita consumer expenditure for rural and …

Breaking the poverty cycle: Charting India’s path to prosperity
10 months ago

Breaking the poverty cycle: Charting India’s path to prosperity

Firstpost  

There is a World Poverty Clock. Funded by the International Fund for Agricultural Development and the Federal Ministry for Economic Cooperation and Development of Germany, the World Poverty Clock shows the number of people living in extreme poverty worldwide, disaggregated by age, gender and rural/urban location. ‘Target Escape Rate’ is the average poverty reduction needed to achieve SDG1 by the …

Has poverty really dropped to 5% in India?
10 months ago

Has poverty really dropped to 5% in India?

The Hindu  

Subrahmanyam recently claimed that less than 5% of Indians now live below the poverty line. Mr. Subrahmanyam argued that the average consumption expenditure in the bottom 5% of India’s population, as estimated by the survey, is about the same as the poverty line in India, suggesting that the poverty rate in India is somewhere in the range of 0 to …

Has poverty really dropped to 5% in India?
10 months ago

Has poverty really dropped to 5% in India?

The Hindu  

Subrahmanyam recently claimed that less than 5% of Indians now live below the poverty line. Mr. Subrahmanyam argued that the average consumption expenditure in the bottom 5% of India’s population, as estimated by the survey, is about the same as the poverty line in India, suggesting that the poverty rate in India is somewhere in the range of 0 to …

Sanjeev Ahluwalia | The politics behind India’s rural and urban spending
10 months, 1 week ago

Sanjeev Ahluwalia | The politics behind India’s rural and urban spending

Deccan Chronicle  

Household consumption expenditure estimates are based on a national survey of 0.1 per cent of the 194.9 million rural and 89.5 million urban households/families. The corresponding share of expenditure on food increases from 46.4 per cent in rural areas to 47 per cent and from 39.2 per cent in urban areas to 40 per cent. Rural consumption, as a proportion …

Terms of Trade | Will HCES findings change politics in India?
10 months, 2 weeks ago

Terms of Trade | Will HCES findings change politics in India?

Hindustan Times  

When the government publishes the data for the 2022-23 Household Consumption Expenditure Survey, India will see a big debate on consumption levels, inequality and poverty. From the Mahatma Gandhi Rural Employment Guarantee Scheme and the National Food Security Act under the United Progressive Alliance era to the Narendra Modi government significantly expanding the scope of asset transfer programmes such as …

SBI Research backs NSSO report, credits Modi govt for decline in India's consumption inequality
10 months, 2 weeks ago

SBI Research backs NSSO report, credits Modi govt for decline in India's consumption inequality

Op India  

On Tuesday, a research report published by the State Bank of India corroborated the findings of the Household Consumption Expenditure Survey, which was conducted by the National Sample Survey Office. Decadal changes in MPCE show decline in consumption inequality, graphic via SBI Research “Rural Poverty has thus staged a significant 440-basis point decline since 2018-19 and Urban Poverty a 170-basis …

Poverty levels below 5%, claims NITI Aayog chief
10 months, 2 weeks ago

Poverty levels below 5%, claims NITI Aayog chief

The Hindu  

Less than 5% of Indians are now expected to be below the poverty line, and extreme destitution has almost gone away, a top government official asserted on February 25, citing the findings of the Household Consumption Expenditure Survey for 2022-23. Subrahmanyam, the chief executive officer of the Centre’s think tank Niti Aayog, averred that growth is “broad-based” with rural Indians’ …

States in focus, a budget that seeks to lift all boats
11 months, 1 week ago

States in focus, a budget that seeks to lift all boats

Hindustan Times  

NITI Aayog’s discussion paper, “Multidimensional Poverty in India since 2005-06”, shows that nearly 250 million Indians moved out of multidimensional poverty between 2013-14 and 2022-23. Interim Budget 2024-25, through its focus on the upliftment of garib, mahila, yuva and annadata, seeks to ensure that the tangible development gains of the last decade are sustained and further accelerated. This signals India’s …

Multidimensional poverty in India: decoding the Niti Aayog report | In Focus podcast
11 months, 3 weeks ago

Multidimensional poverty in India: decoding the Niti Aayog report | In Focus podcast

The Hindu  

A new paper released by the NITI Aayog has claimed that multidimensional poverty has declined from 29.17% in 2013-14 to 11.28% in 2022-23, and that 24.82 crore people “escaped” from multidimensional poverty during this 9-year period. Titled ‘Multidimensional Poverty in India since 2005-06: A Discussion Paper’, the NITI Aayog report claims that India is well on track to achieve the …

Multidimensional poverty: Can we eliminate it within a decade?
11 months, 4 weeks ago

Multidimensional poverty: Can we eliminate it within a decade?

Live Mint  

Going by Niti Aayog’s latest assessment, India has made substantial gains in its fight against deprivation. The Niti Aayog’s index has a formula that echoes what the United Nations Development Programme uses for multidimensional poverty, with parameters that differ slightly. Since the central think-tank’s 12 counts include several that targeted programmes can move the needle on—like nutrition, child mortality, sanitation, …

What poverty numbers reveal
11 months, 4 weeks ago

What poverty numbers reveal

Hindustan Times  

India has pulled 248 million out of multidimensional poverty between 2013-14 and 2022-23, according to a discussion paper released by the NITI Aayog on Monday. PREMIUM Elections aside, what is the real import of the multidimensional poverty numbers? Because multidimensional poverty numbers are not based on measuring consumption expenditure and, therefore, on whether or not a person is above the …

Multidimensional Poverty Index reduction under the NDA is flawed
1 year, 1 month ago

Multidimensional Poverty Index reduction under the NDA is flawed

The Hindu  

Samuel Johnson, a profound literary critic and essayist, wrote, “Poverty is a great enemy to human happiness; it certainly destroys liberty, and it makes some virtues impracticable, and others extremely difficult.” In sharp contrast, conventional measures of poverty in terms of income are limited and narrowly focused on scarcity of resources to eke out a bare subsistence. The MPI story …

Bihar caste survey decoded: Data reveals alarming poverty, job challenges
1 year, 2 months ago

Bihar caste survey decoded: Data reveals alarming poverty, job challenges

Live Mint  

The caste survey report in Bihar, which was tabled in the Assembly by Parliamentary Affairs Department Minister Vijay Kumar Choudhary on Tuesday, has revealed alarming data on the jobs and poverty challenges in the state. According to the Bihar caste survey, 34.1 per cent of Bihar’s households are poor and only 1.57 per cent which is 2,049,370 of the state’s …

Consumption-based poverty estimates have relevance
1 year, 4 months ago

Consumption-based poverty estimates have relevance

The Hindu  

A recent report by NITI Aayog on multidimensional poverty shows that the percentage of the poor has gone down from 25% in 2015-16 to 15% in 2019-21 and around 135 million people were lifted out of poverty during this period. The Global Multidimensional Poverty Index report of 2023 of the United Nations Development Programme and the Oxford Poverty & Human …

The week in 5 charts | Manipur unrest, INDIA alliance, Alcaraz wins Wimbledon, and more
1 year, 5 months ago

The week in 5 charts | Manipur unrest, INDIA alliance, Alcaraz wins Wimbledon, and more

The Hindu  

Unrest in Manipur continues More than two months after three women were stripped and paraded by a mob in violence-hit Manipur, police arrested four accused in a case of gang rape and abduction, one of whom was seen in a viral video clip of the incident which surfaced online on Wednesday. 26 Opposition parties form INDIA alliance The leaders of …

India’s triumphs over poverty marred by an alarming hunger crisis as over 70 per cent of Indians fails to afford healthy food
1 year, 5 months ago

India’s triumphs over poverty marred by an alarming hunger crisis as over 70 per cent of Indians fails to afford healthy food

The Hindu  

Published : Jul 21, 2023 12:38 IST - 3 MINS READ Government think-tank NITI Aayog’s recent report, released on July 17, revealed a remarkable achievement in India’s fight against multidimensional poverty. However, despite these positive strides in economic development, a consortium of esteemed organisations including the Food and Agriculture Organization of the United Nations, the International Fund for Agricultural Development, …

Niti Aayog report claims decrease in multidimensional poverty
1 year, 5 months ago

Niti Aayog report claims decrease in multidimensional poverty

The Hindu  

India has registered a significant decline of 9.89 percentage points in the number of multidimensionally poor, from 24.85% in 2015-16 to 14.96% in 2019-2021, according to the ‘National Multidimensional Poverty Index: A Progress Review 2023’. It claims that about 13.5 crore people came out of multidimensional poverty during the period, assessed by identifying “acute deprivations in health, education and standard …

13.5 crore Indians move out of multidimensional poverty in five years: Niti Aayog report
1 year, 5 months ago

13.5 crore Indians move out of multidimensional poverty in five years: Niti Aayog report

The Hindu  

India witnessed 13.5 crore people moving out of multidimensional poverty between 2015-16 and 2019-21 with fastest reduction in Uttar Pradesh, Bihar, Madhya Pradesh, Odisha and Rajasthan, a Niti Aayog report said on Monday. The report — 'National Multidimensional Poverty Index: A progress of Review 2023' — was released by Suman Bery, Vice-Chairman, Niti Aayog. Providing multidimensional poverty estimates for the …

415 mn Indians no longer poor, says UN
1 year, 6 months ago

415 mn Indians no longer poor, says UN

Live Mint  

As many as 415 million Indians moved out of poverty in the 15-year period between 2005/2006 and 2019/2021, the UN said in a report on Tuesday. “Countries halved their MPI in periods as short as four to 12 years, demonstrating the feasibility of the Sustainable Development Goal target of halving poverty according to national definitions within 15 years,” it added. …

India registers remarkable reduction in poverty: UN
1 year, 6 months ago

India registers remarkable reduction in poverty: UN

Deccan Chronicle  

United Nations: A total of 415 million people moved out of poverty in India within just 15 years from 2005/2006 to 2019/2021, the UN said on Tuesday, highlighting the remarkable achievement by the world's most populous nation. "Notably, India saw a remarkable reduction in poverty, with 415 million people exiting poverty within a span of just 15 years," the report …

415 million Indians came out of multidimensional poverty in 15 years, says UNDP study
1 year, 6 months ago

415 million Indians came out of multidimensional poverty in 15 years, says UNDP study

The Hindu  

A total of 415 million people moved out of poverty in India within just 15 years from 2005/2006 to 2019/2021, the United Nations said on July 11, highlighting the remarkable achievement by the world's most populous nation. "Notably, India saw a remarkable reduction in poverty, with 415 million people exiting poverty within a span of just 15 years," the report …

Data | Uneven progress: Stark inter-district disparities in Tamil Nadu
1 year, 6 months ago

Data | Uneven progress: Stark inter-district disparities in Tamil Nadu

The Hindu  

Tamil Nadu is a standout performer along many socio-economic indicators compared to most States. While the argument holds merit, an analysis of district-level data shows that development is restricted to certain pockets of Tamil Nadu. Tamil Nadu district map This is the first story in a series of Data Points exploring inter-district disparities in southern States. Click to subscribe to …

The simmering debate over poverty rate
1 year, 8 months ago

The simmering debate over poverty rate

Live Mint  

London/Boston: As the 2024 elections approach, taking stock of the economy after a decade-long rule of the government led by Prime Minister Narendra Modi becomes a natural talking point. View Full Image Graphic: Mint According to the World Bank’s earlier $1.90 PPP per day line that defines extreme poverty, 23% of India’s population was poor in 2011-12, the last estimate …

When asked for data on poverty reduction, Government of India gives 10 year old data
1 year, 9 months ago

When asked for data on poverty reduction, Government of India gives 10 year old data

The Hindu  

The Union government seemed to have acknowledged that it had no data to assess whether the poverty levels in the country had reduced in recent years, a reply provided in the Rajya Sabha on Monday for a question raised by two DMK Rajya Sabha MPs showed. Rajeshkumar had asked whether large number of people were living below poverty line in …

Claims of spike in poverty in India during COVID-19 patently false, says paper co-authored by Arvind Panagariya
1 year, 9 months ago

Claims of spike in poverty in India during COVID-19 patently false, says paper co-authored by Arvind Panagariya

The Hindu  

Claims of a spike in poverty and inequality in India during the COVID-19 pandemic are patently false as such claims are based on uncomparable different surveys, according to a paper co-authored by eminent economist Arvind Panagariya. Mr. Panagariya, Columbia University Professor and former Vice-Chairman of NITI Aayog and Vishal More of Intelink Advisors, New Delhi have co-authored a detailed paper …

Budget 2023: ’Rural income growth, women empowerment should be priority’
1 year, 11 months ago

Budget 2023: ’Rural income growth, women empowerment should be priority’

Live Mint  

With global geopolitical uncertainties and the slowing growth of the world economy, it is crucial to address job creation challenges and boost consumer demand in the country. The upcoming budget should be focused on rural income growth and our target should be at least 100% growth in every household income in near future. Through women's self-help groups, millions of jobs …

We’ve made significant progress on poverty reduction
2 years, 2 months ago

We’ve made significant progress on poverty reduction

Live Mint  

Some great news and some not so good news. Titled Unpacking Deprivation Bundles to Reduce Multidimensional Poverty, the report is based on robust household survey data from 111 underlying developing countries and covers 6.1 billion people. As India’s population has quadrupled in the 75 years since Independence, India’s progress on poverty reduction has been steady, particularly in the last 30 …

India is a rich country with poor population facing issues like starvation, unemployment: Gadkari
2 years, 3 months ago

India is a rich country with poor population facing issues like starvation, unemployment: Gadkari

The Hindu  

Union Minister Nitin Gadkari on Thursday said even as India has emerged as the world's fifth largest economy and although the country is rich, its population is poor, facing issues like starvation, unemployment, casteism, untouchability and inflation. Our country is rich, but the population is poor facing starvation, unemployment, poverty, inflation, casteism, untouchability and other factors that are not good …

India is a rich country with poor population facing issues like starvation: Gadkari
2 years, 3 months ago

India is a rich country with poor population facing issues like starvation: Gadkari

Deccan Chronicle  

NAGPUR: Union minister Nitin Gadkari on Thursday said even as India has emerged as the world's fifth largest economy and although the country is rich, its population is poor, facing issues like starvation, unemployment, casteism, untouchability and inflation. Our country is rich, but the population is poor facing starvation, unemployment, poverty, inflation, casteism, untouchability and other factors that are not …

CNN-News18 Town Hall: 'Tamil Nadu has shaped India's future, Dravidian model of governance hailed,' says MK Stalin
2 years, 3 months ago

CNN-News18 Town Hall: 'Tamil Nadu has shaped India's future, Dravidian model of governance hailed,' says MK Stalin

Firstpost  

‘Tamil Nadu is the first state to bring law against caste discrimination. In poverty parameters, Tamil Nadu’s is the lowest among all states,’ Stalin said at the event The Dravidian model of governance believes in India’s growth, and Tamil Nadu has shaped the future of the country, said chief minister MK Stalin at the CNN-News18 Town Hall in Chennai on …

How Many Indians are Poor If Even Govt Admits that 800 Million Need Dry Rations?
2 years, 4 months ago

How Many Indians are Poor If Even Govt Admits that 800 Million Need Dry Rations?

The Quint  

2022 marks an important decadal anniversary. It is exactly a decade to when the Rangarajan Committee was set up to come up with fresh parameters for India’s poverty line. For a democracy like India, with alleviation of poverty a primary business of the State and this government’s rhetoric of being ‘anti-elite’, it is puzzling why it has not thought it …

Inflation impact on India’s poor negligible, says FM citing UNDP report
2 years, 6 months ago

Inflation impact on India’s poor negligible, says FM citing UNDP report

The Hindu  

The impact of inflation on India’s poor would be negligible as per a United Nations Development Programme report on ‘Addressing the Cost of Living Crisis in Developing Countries’, which also looked at the ripple effects of the Russia-Ukraine war such as energy and food market disruptions. Finance Minister Nirmala Sitharaman cited the UNDP’s conclusions in the report to emphasise that …

How Modi’s India Has Succeeded in Bringing Down Poverty in Rural Areas
2 years, 6 months ago

How Modi’s India Has Succeeded in Bringing Down Poverty in Rural Areas

News 18  

“If you can’t measure it, you can’t improve it.” This oft-cited quote is attributed to Lord Kelvin or William Thomson, who also theorised a completely new temperature scale. The poverty line has been disaggregated state-wise and separately for rural and urban areas. In one of the most cited essays on poverty, Lipton and Ravallion note: “The highest incidence and severity …

Poverty in India: Decline over the decade
2 years, 6 months ago

Poverty in India: Decline over the decade

Live Mint  

Poverty is a much-debated issue. That poverty line is typically defined as a minimum basket of goods and services required for subsistence, converted into a nominal consumption expenditure figure, using appropriate prices. In other words, one uses monthly per capita consumption expenditure to define poverty line. If growth enabled those just below the poverty line to move above, it is …

A poverty trend in search of an explanation
2 years, 6 months ago

A poverty trend in search of an explanation

The Hindu  

A noticeable absence in the blitzkrieg of information on the economy periodically unleashed by the Union government over the past few years has been estimates of poverty. While the level of poverty estimated by these two studies varies considerably, with the one by Roy and van der Weide showing twice the poverty level estimated by Bhalla et al., they share …

India eradicates ‘extreme poverty’ via PMGKY: IMF paper
2 years, 9 months ago

India eradicates ‘extreme poverty’ via PMGKY: IMF paper

The Hindu  

A new IMF paper released on Tuesday, titled ‘Pandemic, Poverty, and Inequality: Evidence from India’ says that ‘extreme poverty was maintained below 1% in 2020 due to Pradhan Mantri Garib Kalyan Ann Yojana. Dismissing the NSS 2017-18 consumer expenditure survey as 'ill-fated', this paper claims food subsidies have reduced poverty on a consistent basis since the enactment of the Food …

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