2024-07-04 04:21:15
New Delhi: Despite the challenges of the Corona epidemic, poverty in India has come down from 21.2 percent in the financial year 2011-12 to 8.5 percent in 2022-24. This has been said in a research paper by the economic research institute NCAER. In the research paper of the National Council of Applied Economic Research (NCAER), 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 scope of social security in a changing society’. The research paper says that there was a significant reduction in poverty between 2004-2005 and 2011-12. It came down from 38.6 percent to 21.2 percent. Despite the challenges posed by the epidemic, the decline continued and it came down from 21.2 percent to 8.5 percent in 2022-24.
What is the challenge facing India right now?
According to the research paper, economic growth and reduction in poverty create a dynamic environment. This requires effective social security programmes. Maintaining social security systems with the pace of social change will be a major challenge for India.
Niti Aayog CEO B V R Subrahmanyam had said a few months ago that the latest consumer expenditure survey indicates that poverty in the country has come down to five percent. Money is coming to people in both rural and urban areas.
The figures are encouraging
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. Later the Planning Commission increased it to Rs 860 and Rs 1,000 for 2011-12.