Question
Download Solution PDFThe national poverty line for 2011-12 was estimated at _________ per capita per month for urban areas of India.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Rs. 1,000.
Key Points
- According to an International Monetary Fund paper, extreme poverty, defined by the World Bank as living on US$1.9 or less in purchasing power parity (PPP) terms.
- According to the Planning Commission in 2011-12, the national poverty line using Tendulkar methology is Rs 816 per capita per month for rural areas and Rs 1000 per capita per month for urban areas of India.
- The current poverty line is 1,059.42 Indian Rupees per month in rural areas and 1,286 Indian rupees per month in urban areas.
Additional Information POVERTY MEASUREMENT IN INDIA:
- Poverty can be defined as a condition in which an individual or household lacks the financial resources to afford a basic minimum standard of living.
- India has a long history of studies on measurement of poverty. The erstwhile Planning Commission was the nodal agency in India for estimation of poverty.
- Various expert groups constituted by the Planning Commission have estimated the number of people living in poverty in India:
- Working Group (1962).
- Study by VM Dandekar and N Rath (1971).
- Task Force on “Projections of Minimum Needs and Effective Consumption Demand” headed by Dr. Y. K. Alagh (1979).
- Lakdawala Expert Group (1993): Headed by Professor D.T. Lakdawala.
- Tendulkar Expert Group (2009): It was setup in 2005 and was headed by Suresh Tendulkar.
- Rangrajan Committee (2014): It was set up in 2012 and was headed by Chakravarthi Rangarajan.
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