India's poverty lies in the eyes of the beholder. In light of this statement, examine the need for a credible and periodically updated poverty estimation framework in the country.
Main Body
India has had various committees for poverty line estimation. The recent being Rangarayan committee and NITI Aayog multidimensional poverty index. Flaws in present poverty estimation: 1) Lack of updated data (eg Jallam 2011 data) 2) Absence of socio-economic decrypted data 3) Lack holistic coverage (eg true poverty, skill poverty) 4) Not account for seasonal poverty 5) Huge population missed to middleclass by NITI aayog- last 9 years mean income has double Need for updated poverty estimation: 1) Huge fiscal burden from welfare scheme (eg 67% under NPSA) 2) Regretful beneficiaries away be live out of welfare due to outdated data 3) Align with beyond multidimensional poverty parameters 4) Account for inflation in deciding poverty line used regular update 5) For ensuring effectiveness of public social delivery. India has come a long way reducing poverty to 10%, swift on path to achieve SDG 1 in coming years
Conclusion
India has come a long way reducing poverty to 10%, swift on path to achieve SDG 1 in coming years
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MD Ishteyaque Rahman
Issues relating to Poverty and Hunger
Paradox of Poverty
Poverty estimation framework
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analytical
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