'India's poverty lies in the eyes of the beholder.' In light of this statement, examine the need for a periodically updated poverty estimation framework in the country.

While NEP Rageneck Mullah Burden and Poverty India study that LSS or Indians have been remained from poverty, as international HAS Bank estimates that 1/3 of Indians continue to be poor. This highlights the need for objective poverty estimation.

Need for Objective Poverty Estimates:

(i) For better monitoring & evaluation of measures

(ii) Better targeting of scheme

(iii) Identifying problem areas

Creating an Objective Framework:

(i) Objective Criteria – must include base measures as well as minimum income

(ii) Autonomous body – outside control of government to measure

(iii) Independent department of monitoring & evaluation

(i.e) DHEID of NITI Aayog

(iv) Aligning with international standard along with Indian conditions

(i) Adjusting for large party

(vi) Conducting socio-economic census every 5 years – (i.e) Share overall once