2022 · Q39
Who among the following formulated the concept of poverty as a measurable development indicator in the Indian subcontinent?
General KnowledgeIndian Economy
- ADadabhai Naoroji
- BRomesh Chandra Dutt
- CV.K.R.V. Rao
- DM. Ranade
Explanation
Dadabhai Naoroji, in ‘Poverty and Un-British Rule in India’ (1901), estimated a poverty line (Rs 16–35 per capita per year) — the first to formulate poverty as a measurable development indicator for India.