Opinion: Opinion | The Changing Nature Of Poverty In India
Poverty has long been a subject of debate. Growth generally reduces poverty, but its composition matters, too. Poverty is commonly measured through headcount ratios, which reflect the percentage of the population below a defined poverty line based on the minimum basket of goods and services required for subsistence. In India, this method, established in the 1950s and refined in the 1970s, uses monthly per capita consumption expenditure to determine the poverty line, as income data from household surveys are unreliable. Measuring poverty requires both a poverty line and accurate data, with the Household Consumption Expenditure Survey forming the basis for poverty estimation. This detailed survey covers expenditure on around 350 items, including food, clothing, education,… Read More »Opinion: Opinion | The Changing Nature Of Poverty In India