Poverty has decreased in India, now only 8.5% of the population is poor, data revealed in a research paper

Positive news has emerged on the poverty front in the country. Poverty is now decreasing rapidly in India. There has been a rapid decline in poverty figures. This information has been given in a research paper of the economic research institute NCAER.

According to the latest data, the poverty in the country was 21.2 percent during the year 2011-12, which has now come down to just 8.6 percent. The research paper said that despite the challenges posed by the Covid pandemic, poverty has declined in India. This decline in poverty is a big figure. This information has been given in a research paper of the National Council of Applied Economic Research (NCAER). In this research paper, data from the first and second series along with the recently completed third series of the India Human Development Survey (IHDS) have also been used.

This research paper focuses on rethinking the social security coverage in a changing society. The research paper says that poverty declined significantly between 2004-2005 and 2011-12 and it came down from 38.6 percent to 21.2 percent. Despite the challenges posed by the pandemic, the trend of decline continued and it came down from 21.2 percent to 8.5 percent in 2022-24. According to the research paper, economic growth and reduction in poverty conditions create a dynamic environment which requires effective social security programs.

Keeping social security systems up to speed with social change will be a major challenge for India. Niti Aayog CEO B V R Subrahmanyam said a few months ago that the latest consumer expenditure survey indicates that poverty in the country has come down to five percent and money is flowing to people in both rural and urban areas.

Releasing the household consumption expenditure data for the year 2022-23 in February, the National Sample Survey Office (NSSO) said that the per capita monthly household expenditure has more than doubled in 2022-23 as compared to 2011-12. The Tendulkar Committee had fixed the poverty line for rural and urban areas at Rs 447 and Rs 579 respectively. Later the Planning Commission had increased it to Rs 860 and Rs 1,000 for 2011-12.

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