{"id":182646,"date":"2022-05-04T20:21:01","date_gmt":"2022-05-04T14:51:01","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=182646"},"modified":"2022-05-04T20:21:01","modified_gmt":"2022-05-04T14:51:01","slug":"let-us-not-underestimate-deprivation-in-the-country","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/let-us-not-underestimate-deprivation-in-the-country\/","title":{"rendered":"Let us not underestimate deprivation in the country"},"content":{"rendered":"\n

Context<\/strong>: Status of extreme poverty in India prior to the pandemic is unclear. The most recent survey data (2017-18) was not officially released, but leaked reports showed a fall in real consumption and an unprecedented rise in poverty.<\/p>\n

In the absence of recent official data, two studies have attempted to estimate the numbers:<\/p>\n

–<\/strong> An IMF working paper<\/strong> by Bhalla, Bhasin and Virmani (BBV) uses the growth rate of private final consumption expenditure (PFCE) from the National Accounts Statistics.<\/p>\n

–<\/strong> A World Bank paper<\/strong> by Sinha Roy and Van der Weide (SRW) uses consumption data from the CMIE Consumer Pyramids Household Survey.<\/p>\n

Also, the National Sample Survey Office is planning to conduct the next round soon.<\/p>\n

What are the key findings of the studies?<\/h5>\n\n\n\n\n\n
IMF working paper<\/strong><\/td>\nWorld Bank paper<\/strong><\/td>\n<\/tr>\n
Extreme poverty rate declined to 3.4% in 2019<\/td>\nExtreme poverty rate ($1.9 a day or Tendulkar line) fell from 22% in 2011 to 10% in 2019. This is a healthy decline, though not as rapid as what occurred between 2004-05 (40%) and 2011-12.<\/td>\n<\/tr>\n
The large decline in India\u2019s poverty rate is due to strong consumption growth and a moderation of inflation.<\/strong><\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
Way forward<\/strong><\/h5>\n

It is important to keep sight of the human element and bigger picture.<\/p>\n

The $1.9 poverty line is too low. <\/strong>It is time India moves to a higher line, such as $3.2 a day<\/strong> or a line derived from the recommended National Floor Minimum Wage.<\/p>\n

The covid outbreak has undoubtedly slowed down progress, but India is moving towards eliminating extreme poverty. Timely data and pro-poor policies will help it get there sooner.<\/p>\n

Source<\/strong>: This post is based on the article \u201cLet us not underestimate deprivation in the country<\/strong>\u201d published in Livemint<\/strong> on 3rd May 22<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Context: Status of extreme poverty in India prior to the pandemic is unclear. The most recent survey data (2017-18) was not officially released, but leaked reports showed a fall in real consumption and an unprecedented rise in poverty. In the absence of recent official data, two studies have attempted to estimate the numbers: – An… Continue reading Let us not underestimate deprivation in the country<\/span><\/a><\/p>\n","protected":false},"author":10328,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[212,10501],"class_list":["post-182646","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-2","tag-live-mint","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704869288},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/182646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10328"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=182646"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/182646\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=182646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=182646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=182646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}