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Minhas disagreed with the practice of using calories as the basis for poverty estimation and proposed a poverty line based on real expenditure per year (Rs 240 per annum). In 1956–57, a good harvest year, he computed India's poverty rate to be 65% (215 million people). [82] [83] For 1960, Minhas estimated the poverty to be 59%. [84]
Going into a survey due for a decade, India's central government is undecided on criteria to identify families below poverty line. [1] Internationally, an income of less than ₹150 per day per head of purchasing power parity is defined as extreme poverty. By this estimate, about 12.4% of Indians are extremely poor as of year 2012.
Various poverty lines and resulting percentage of BPL population Method 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
The poverty gap index denotes the extent to which individuals fall below the poverty line (poverty gap) as a proportion of the poverty line. By summing these poverty gaps we derive the minimum cost of eliminating poverty. [10] This method is only reasonable if the transfers could be made perfectly efficiently, which is unlikely. [14]
The depth of poverty is the average 'gap' (G) between the level of deprivation poor people experience and the poverty cut-off line. M1 = H x A x G. Adjusted Squared Poverty Gap (M2): This measure reflects the incidence, intensity, and depth of poverty, as well as inequality among the poor (captured by the squared gap, S). M2 = H x A x S.
The World Bank Group is the globe’s most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people. Read more »
A committee was formed by government of India in 2005, with Tendulkar as chairman to 'report on methodology of estimation of poverty'. In 2009, this committee came out with a new method to calculate poverty. According to this method, the number of the poor in India in 2004–05 rose from 27.5 per cent of the total population to 37.2 per cent. [6]
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