-The Indian Express India’s poor are closely bunched up near the poverty line. This could make poverty alleviation more manageable. A recent World Bank (WB) report brought out poverty ratios across countries. According to these estimates, poverty in India in 2011-12 could be as low as 12.4 per cent if we use “modified mixed reference period” (MMRP), in which there are three recall periods depending on the nature of items. This...
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Trajectory of distress: From farm to factory
-The Economic Times Blog Two apparently unrelated events — a sharp fall in factory output growth and a spike in consumer price inflation —point to deep problems underlying the economy. September industry growth fell to 3.6%, the lowest in four months. Meanwhile, the consumer price index (CPI) went up to 5% in October, higher than the consensus estimate of 4.8%, headed north for the third successive month. The rise in prices is driven...
More »Slums and the story of India's housing crisis -Avikal Somvanshi
-Down to Earth The rate at which informal housing is being destroyed probably far exceeds the rate at which formal housing is being constructed Troubled by the degradation of environment on and around railway tracks, the National Green Tribunal (NGT) recently directed Delhi government to relocate all illegal settlements along tracks in Delhi. The tribunal reasoned that the residents of these settlements practise open defecation and litter on the tracks. Housing of the...
More »Poverty is falling fast in India, but we still measure it terribly -Rukmini S
-The Hindu Business Line Earlier this month, the World Bank decided to raise its global poverty line from $1.25 per day (in Purchasing Power Parity or PPP terms) to $1.90. A monumental change in global poverty took place earlier this month, but don’t be surprised if the world doesn’t look very different to you. Earlier this month, the World Bank decided to raise its global poverty line from $1.25 per day (in Purchasing...
More »World Bank poverty estimates are poor, says government -Dilasha Seth
-Business Standard Says the actual poverty is much higher than suggested by the multilateral lender, adding there is lack of scientific basis in computing the poverty line The government has contested the World Bank's recently released data that showed only 12.4 per cent of India's population was poor in 2011-12, considering an expenditure cut-off of $1.9 a person a day on Purchasing Power parity (PPP) terms. It said the actual poverty was...
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