New Delhi. There is good news on the poverty front in the country. Poverty is decreasing rapidly in India and this has led to a big decline in the figures. According to the estimates of a new survey, poverty has decreased from 21% to 8.5% since 2011-12.
This is a big figure. This survey also states that there has been a reduction in hereditary (generation after generation) poverty. But, the proportion of people who can go back to poverty due to “some tragedy in life” is high.
On Tuesday, this estimate has been made about the poverty figures in a paper by economists led by Sonal Desai of think tank NCAER. This survey says that the poverty ratio in rural areas has declined rapidly and it has now come down from 24.8% in 2011-12 to 8.6%.
At the same time, poverty in urban areas has come down from 13.4% to 8.4%.This estimate is higher than SBI Research, which had projected a reduction in rural poverty to 7.2% and urban poverty to 4.6%. In March, former RBI governor C Rangarajan and economist S Mahendra Dev estimated, based on HCES, that India’s poverty rate will fall to 10.8% in 2022-23 compared to 2011-12.
Based on the initial findings of the India Human Development Survey, the Tendulkar Committee recently estimated the overall poverty ratio using inflation-adjusted poverty lines. This data is used by the government to formulate its public welfare schemes and implement them better.
