Has poverty really dropped to 5% in India?
Syllabus: GS-III, Subject: Economy, Topic: Poverty, Issue: Poverty Calculation Context: NITI Aayog claimed that less than 5% of Indians now live below the poverty line The Claim relies on data from the Household Consumption Expenditure Survey 2022-23. Argument against reduction poverty: Real wages have stagnated, growing by less than 1% annually since 2017. Increase in […]
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