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The Rangarajan Committee set up to look into the poverty line estimation in India submitted its report in June 2014. [102] It amended the calculation of the poverty line based on per capita consumption expenditure per month or day given by the Tendulkar Committee. [103]
Line Figure % of poor population Poor population World Bank (2021) poverty line 1.90 (PPP $ day) 6 84m [7] lower middle-income line 3.20 (PPP $ day) 26.2 365m [7] upper middle-income line 5.50 (PPP $ day) 60.1 838m [7] Asian Development Bank (2014) poverty line $ 1.51 per person per day [8] Tendulkar Expert Group (2009) urban poverty line
Suresh D. Tendulkar (15 February 1939 – 21 June 2011) was an Indian economist and former chief of the National Statistical Commission. [1] Tendulkar was a member of Prime Minister Manmohan Singh's Economic Advisory Council (PMEAC) from 2004 to 2008 and then served as its chairman from 2008 to 2009 when C. Rangarajan vacated the post to enter the Rajya Sabha.
The Government of India then decided that the Below Poverty Line list for 2002 could be finalised as per original guidelines. The Director of Rural Development and Panchayat Raj stated that in the Below Poverty Line survey done in 1991 out of 8,433,000 Rural families 3,446,000 families were identified as Below Poverty Line families. In the ...
Even going by the official definition, for example in India the Rangarajan Committee after re-examining the issue of poverty defined the poverty line in 2011-12 at INR 47.00 ($0.69) per capita per day for urban areas and INR 32.00 ($0.47) per capita per day in rural areas (June 2016 conversion rate), [13] obviously much less than the $2.5 per ...
Chakravarthi Rangarajan (born 1932) is an Indian economist, a former Member of Parliament and 19th governor of the Reserve Bank of India. He is the former chairman of the Prime Minister's Economic Advisory Council ; he resigned the day the UPA lost power.
For urban dwellers, the poverty line is defined as living on less than 538.60 rupees (approximately US$12) per month, whereas for rural dwellers, it is defined as living on less than 356.35 rupees per month (approximately US$7.50) [66] In 2019, the Indian government stated that 6.7% of its population is below its official poverty limit.
Recalling Dr. Sengupta's contribution to identifying the cross-linkages between extreme poverty and the downtrodden, C. Rangarajan, Chairman of the Prime Minister's Economic Advisory Council, said: "He had a good understanding of social problems and was deeply involved in finding solutions for people at the bottom of the population pile."