Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Hindu
The Hindu
National
Suchitra Karthikeyan _11648

India eradicates ‘extreme poverty’ via PMGKY: IMF paper

The 52-page paper authored by Surjit S Bhalla, Karan Bhasin and Arvind Virmani, also reveals that the expansion of India’s food subsidy program absorbed a major part of the pandemic shock. As per the paper, extreme poverty was as low as 1% in 2019 - a substantial reduction in poverty rates from 2011 levels.

The paper argues that incorporation of the food subsidy data has helped it conclude that the 'official poverty line' must be moved from (Population living on <$1) PPP $1.9 to $3.2. In terms of rupees, moving from Rs. 865 per person per month to Rs 2250 per person per month.

The paper also counters another Pew research paper that 75 million Indians were pushed into poverty, claiming that data was calculated in the absence of an 'official' Consumption Expenditure Survey (2017-18). Furthermore it claims that 'extreme poverty' has been eradicated in India.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.