"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.

However, poverty has various dimension of deprivation, exclusion and marginalization: A GINI index based on access to basic needs at 0.255 - L shows equality B Multidimensional Poverty Index - ~11.7% poverty based on deprivation of education, health, basic necessity of life C OXFAM report - ~40% wealth with top 1% in INDIA Thus, there is a need for a credible and periodically updated

Poverty estimation in India: 1) One of the earliest based on Y.K. Alagh Task force on calorie requirement 2) However, now India follows Tendulkar Committee recommendation 3) Utilisation of Household consumption expenditure survey for measuring urban and rural average household consumption 4) Utilisation of Mixed modified reference period to calculate the level of deprivation and consumption.