Apr 23, 2022
Today we will talk about Paper on India's Poverty: World Bank, in our daily edition of Current Affairs Dialog box. Read the blog to enhance your UPSC exam preparation and also find the topic's relevance from CSE point of view.
For Prelims: World Bank, IMF, Poverty, NSSO, Poverty Related Initiatives.
For Mains: Important International Institutions, Poverty in India and Related Issues.
Click here to read yesterday's edition of Current Affairs in case you missed it.
Recently, the World Bank has released a paper titled, ‘Poverty in India Has Declined Over The Last Decade But Not As Much As Previously Thought’.
Image Source: Business Insider
Discuss the underlying issues that contribute to the prevalence of poverty in India and provide strategies for accelerating poverty elimination in a sustainable way.
Take your UPSC CSE preparation to another level with our Prelims Booster series. Watch a detailed video on NEWS on World Trade Organization by Prem Sodhani sir, our Current Affairs faculty:
The World Bank paper is a significant indicator of India’s poverty levels as the country itself has no recent official estimation.
|Additional Information: |
IMF Working Paper:
A recent International Monetary Fund paper had also suggested that extreme poverty in India was as low as 0.8% in 2019.
The paper noted the country had kept up the level in the pandemic year 2020 by transferring food through the Pradhan Mantri Garib Kalyan Yojana.
India has almost eradicated extreme poverty and has brought down its consumption inequality to its lowest level in the last four decades. These consumption inequalities were dealt with state-provided food handouts.
The IMF report highlighted that less than 1% of the Indian population is living under extreme poverty.
Food Ration Schemes were “instrumental” in ensuring that extreme poverty did not rise during the pandemic and remind steady, the study found.
Differences between both the papers
The IMF paper is based on the data from the 2011-12 consumption expenditure survey of the National Sample Survey Organisation (NSSO).
The World Bank paper relied on the data from the Consumer Pyramid Household Survey (CPHS) of the Centre for Monitoring Indian Economy (CMIE).
Also, the IMF estimated poverty reduction after the COVID-19 pandemic, while the latter focused on the scenario of the country before the COVID-19 pandemic.
Image Source: BusinessToday.in
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