Poverty :The World Bank's new criterion questions the much-touted trickledown

Poverty Of Statistics
The World Bank's new criterion questions the much-touted trickledown


RAGHAV GAIHA

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The extent of poverty in India remains much debated. Ditto questions about whether policy reforms have contributed to a more rapid reduction in poverty over the past few years. These issues have now been ignited by the shocking news that India continues to account for roughly one-third of the poor globally. The World Bank's own estimate of poverty in 2007 has been drastically revised by new cost-of-living data. If we go by the new poverty line of $1.25 at 2005 purchasing power parity (PPP), poverty afflicts 41.6 per cent of India's population. This means the number of poor is as high as 456 million.

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