Saturday, April 23, 2011

Poverty rate declines from 37.2% to 32%

  • The latest data of the Planning Commission indicates that poverty has declined to 32 per cent in 2009-10 from 37.2 per cent five years ago.The preliminary estimates are based on the formula suggested by the Tendulkar Committee for computing the number of poor.
  • The Tendulkar Committee had suggested that poverty be estimated on the basis of consumption based on the cost of living index instead of caloric intake. It said that the basket of goods should also include services such as health and education. The new poverty line, as suggested by the Tendulkar Committee, is different for rich and poor States, and for rural and urban areas within a State. "These are preliminary data. Mr. Sen has worked on them. He has reported that the 2009-10 data shows a decline in poverty from 37.2 per cent in 2004 to 32 per cent in 2009. I agree with him," Dr. Ahluwalia said

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