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Has India Ended Poverty? Shocking Figures Have Arrived

Sagar Patel

By Sagar Patel

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During a research work, there has been a significant decrease in the poverty rate in India.

A lot of good news is coming to the country in the economic field for the past few days. Be it regarding GST collection or India’s credibility being improved by rating agencies. Due to this, good news regarding poverty was heard in the country. The poverty figures presented in a research paper by the economic research institute NCAER are extremely shocking. The research paper said that despite the challenges posed by the Covid pandemic, poverty in India declined from 21.2 per cent in the financial year 2011-12 to 8.5 per cent in 2022-24. Let us also tell you what information is provided in the research paper.

How far has poverty reached?

A paper by the National Council of Applied Economic Research (NCAER) used data from the first and second wave along with data from the recently completed third wave of the Indian Human Development Survey (IHDS). This research paper focuses on ‘Rethinking the Social Safety Net in a Changing Society’. The research paper says that poverty declined significantly between 2004-05 and 2011-12, from 38.6 per cent to 21.2 per cent. Despite the challenges posed by the pandemic, its decline continued and came down from 21.2 per cent to 8.5 per cent in 2022-24.

What will be the challenge?

According to the document, economic growth and poverty reduction create a dynamic environment that requires effective social protection programmes. Keeping social protection systems in step with social change will be a major challenge for India. NITI Aayog CEO BVR Subramanian had said a few months ago that the latest Consumer Expenditure Survey indicated that poverty in the country has come down to five per cent and money is reaching people in both rural and urban areas.

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Tendulkar Committee Report

Releasing household consumption expenditure data for the year 2022-23 in February, the National Sample Survey Office (NSSO) said that monthly per capita household expenditure more than doubled in 2022-23 compared to 2011-12. The Tendulkar Committee had fixed the poverty line for rural and urban areas at Rs 447 and Rs 579 respectively. The Planning Commission later raised it to Rs 860 and Rs 1,000 for 2011-12.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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