Given India's strides in reducing extreme poverty, should the country consider redefining its poverty line to better reflect the socio-economic realities? Discuss the potential benefits and challenges associated with redefining the poverty line.

Causes of poverty decline:

The current poverty line is based on the income levels of the people. It is based on the Tendulkar formula which defines poverty as amount required to fulfill basic calorie needs.

Current issues in poverty line estimation:

Therefore, there is a need to redefine the poverty line which should take into account:

However, there are challenges in these:

Multidimensional poverty index of NITI Aayog is more comprehensive. There is a need to adopt similar new measures to redefine poverty levels in the society and strive to eliminate it (SDG 1).