{"id":284806,"date":"2024-02-27T18:54:14","date_gmt":"2024-02-27T13:24:14","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=284806"},"modified":"2024-02-27T18:54:14","modified_gmt":"2024-02-27T13:24:14","slug":"reduction-in-poverty-and-income-inequality-in-india","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/reduction-in-poverty-and-income-inequality-in-india\/","title":{"rendered":"Reduction in poverty and income inequality in India"},"content":{"rendered":"

Source<\/strong>: The post reduction in poverty and income inequality in India has been created, based on the article \u201cIndia’s development landscape has undergone a structural shift<\/strong>\u201d published in \u201cLive mints<\/strong>\u201d on 27th February 2024.<\/p>\n

UPSC Syllabus Topic:<\/strong> GS Paper 1- Society-poverty and developmental issues.<\/p>\n

News<\/strong>: The article talks about the Indian government’s recently released Fact Sheet on the Household Consumption Expenditure Survey (HCES) for 2022-23. It highlights a major reduction in poverty and income inequality in India over the last 11 years.<\/p>\n

How has poverty been measured?<\/strong><\/h2>\n

Poverty is measured using the World Bank’s purchasing power parity (PPP)-based $1.9 per capita per day line. Adjustments for inflation and rural-urban differences were made to calculate the poverty rates for 2022-23.<\/p>\n

For information on Poverty Measurement in India read here<\/a><\/p>\n

What does the new government report say about poverty in India?<\/strong><\/h2>\n

Dramatic Decline in Poverty: <\/strong>The new government report shows a significant reduction in poverty in India, from 12.2% in 2011-12 to just 2% in 2022-23.<\/p>\n

Poverty Lines Updated: <\/strong>The poverty lines have been revised to \u20b91452 for rural and \u20b91752 for urban areas per month, accounting for inflation rates of 5.7% and 5.6% respectively since 2011-12.<\/p>\n

Extreme Poverty Nearly Eliminated:<\/strong> Based on the World Bank’s $1.9 per day poverty line, the report suggests that extreme poverty in India is almost eradicated.<\/p>\n

Shift in Higher Poverty Line:<\/strong> Even with a higher poverty line of $3.2 PPP, poverty in India decreased significantly from 53.6% in 2011-12 to 21% in 2022-23.<\/p>\n

Reduction in Inequality: <\/strong>The report also indicates a decline in income inequality, with the Gini coefficient from 28.7 to 27.0, and urban from 36.7 to 31.9.<\/p>\n

Economic Growth:<\/strong> This reduction in poverty and inequality has coincided with substantial economic growth in both rural (3.1%) and urban (2.6%) regions.<\/p>\n

What does critics say about poverty levels in India?<\/strong><\/h2>\n

Skepticism About Poverty Reduction<\/strong>: Critics were of the opinion that poverty levels hadn’t significantly changed over the past 11 years.<\/p>\n

Questioning Data Quality:<\/strong> The skepticism partly stems from the non-release of the 2017-18 Household Consumption Expenditure Survey data, which was cited for poor quality.<\/p>\n

Debate on Poverty Estimation: <\/strong>There is an ongoing debate among experts about the methodologies and data used to estimate poverty levels in India.<\/p>\n

Diverse Estimates:<\/strong> The range of poverty estimates by various entities, from 5% to 20%, using the World Bank’s $1.9 poverty line, adds to the confusion and debate.<\/p>\n

Question for practice:<\/strong><\/p>\n

Examine how the recent Fact Sheet on the Household Consumption Expenditure Survey for 2022-23 reflects the changes in poverty and income inequality in India over the last 11 years.<\/p>\n","protected":false},"excerpt":{"rendered":"

Source: The post reduction in poverty and income inequality in India has been created, based on the article \u201cIndia’s development landscape has undergone a structural shift\u201d published in \u201cLive mints\u201d on 27th February 2024. UPSC Syllabus Topic: GS Paper 1- Society-poverty and developmental issues. News: The article talks about the Indian government’s recently released Fact… Continue reading Reduction in poverty and income inequality in India<\/span><\/a><\/p>\n","protected":false},"author":10320,"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":[263,10501,264],"class_list":["post-284806","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-1","tag-live-mint","tag-society","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/284806","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\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=284806"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/284806\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=284806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=284806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=284806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}