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Podcast: Parley by The Hindu
Episode: Has poverty really dropped to 5% in India? | The Hindu parley podcast
Description: NITI Aayog B.V.R. Subrahmanyam recently claimed that less than 5% of Indians now live below the poverty line. He made the claim based on the findings of the Household Consumption Expenditure Survey (HCES), 2022-23. Mr. Subrahmanyam argued that the average consumption expenditure in the bottom 5% of India’s population, as estimated by the survey, is about the same as the poverty line in India, suggesting that the poverty rate in India is somewhere in the range of 0 to 5%.Has poverty really dropped to 5% in India? Here we discuss the question.Guests: Surjit Bhalla is a...