Saturday, November 8, 2008

Rising poverty and high growth economy


The revised benchmark by the World Bank is the average of the national poverty lines of the worlds’ 15 poorest countries. The ADB’s benchmark is Asia-specific based on surveys from 16 Asian countries. When these benchmarks are used for estimating poverty levels in India, the situation becomes grave and uncomfortable. By using the first poverty line, the estimated number of poor in India during 2004-05 was 456 million or 41.6% of the total population. 

According to the second poverty line, the number of poor in India was 622 million, which is 54.8% of the population. Evidently, these estimates are significantly above the official estimates of 27.5% indicated by the Planning Commission. Among the states, Bihar, Chhattisgarh, Jharkhand, MP, Orissa indicate that around 40% of the population is below the poverty line. 




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