Poverty Estimates in India: State Bank of India (SBI) survey claims that poverty has dropped to under 5% in urban and rural areas, however a research paper from The Foundation for Agrarian Studies counters this, estimating that 26.4% of India's population remains poor.
oThe government has not released official estimates based on the 2022-23 survey, leading to conflicting poverty estimates from NCAER (below 10%) and SBI (under 5%).
oMethodology to adjust poverty line: Consumer Price Index (CPI).
o Tendulkar Committee (2009): Tendulkar Committee’s methodology set the poverty line at Rs 1,632 for rural areas and Rs 1,944 for urban areas and poverty ratio at 21.9%.
o Rangarajan Committee (2014): Rangarajan Committee, reviewed the Tendulkar method, proposed a different approach, estimating the poverty ratio at 29.5% for 2011-12
ü Though this estimate was never officially approved by the government.