India

Poverty declined to 26 per cent in 2011-12: Montek Singh Ahluwalia

Press Trust of India | Updated Aug 04, 2012 at 08:30am IST

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New Delhi: Poverty in the country has come down to 26 per cent as per the latest data of household expenditure prepared by the NSSO for 2011-12, the Planning Commission said on Friday.

"Many of the academicians...said that poverty in 2011-12 using the Tendulakar line would probably be around 26 per cent or little more than that which is much lower than what it was in 2000, " Planning Commission Deputy Chairman Montek Singh Ahluwalia said.

He said this while commenting on the latest data on household expenditure compiled by the National Sample Survey Organisation (NSSO) for 2011-12.

Poverty declined to 26 per cent in 2011-12: Montek

According to the Commission\'s estimates poverty ratio was at 29.8 per cent in 2009-10 as per the Tendulakar Committee methodology.

According to the Commission's estimates poverty ratio was at 29.8 per cent in 2009-10 as per the Tendulakar Committee methodology.

The NSSO data, he stressed, "clearly show that whatever the poverty line is used, there has been a sharp decline in poverty... The rate at which the poverty has gone down after 2004-05, is much higher than the rate at which it went down between 1993-94 and 2004. It would be true even if we raise the poverty line."

Earlier in March this year, the Commission had drawn flak from all quarters for pegging the poverty line at Rs 28.65 per capita daily consumption in cities and Rs 22.42 in rural areas which resulted in scaling down India's poverty ratio to 29.8 per cent in 2009-10 from 37.2 per cent in 2004-05.

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Politics

Montek Singh Ahluwalia

Posted on Apr 12, 2013 at 04:03PM IST
Montek Singh Ahluwalia (born November 24, 1943) has been a prominent Indian economic policy-maker. He has been most recently Deputy Chairman of the Planning Commission. He was appointed to hold the post on June 16, 2004 by the ruling UPA gover ...

Corporate

Economy

Posted on May 19, 2013 at 05:20AM IST
The economy of India is the twelfth largest economy in the world by market exchange rates and the fourth largest by purchasing power parity (PPP) basis. India was under socialist-based policies for an entire generation from the 1947 until 199 ...

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