Poverty declines to 8.5% in 2022-24 from 21.2% in 2011-12: NCAER paper

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Poverty declines to 8.5% in 2022-24 from 21.2% in 2011-12: NCAER paper - Business Standard

Quick Summary:

Poverty in India is estimated to have declined to 8.5 per cent in 2022-24 from 21.2 per cent in 2011-12, despite the challenges posed by the pandemic, according to a research paper by the economic think tank NCAER.

"According to the IHDS findings...poverty declined significantly between 2004-2005 and 2011-12 (from a headcount ratio of 38.6 to 21.2), and it continued to decline between 2011-12 and 2022-24 (from 21.2 to 8.5) despite the challenges posed by the pandemic," the paper said.

The paper titled 'Rethinking Social Safety Nets in a Changing Society', authored by Sonalde Desai of NCAER, used data from the newly completed Wave 3 of the India Human Development Survey (IHDS) as well as data from Waves 1 and 2 of the IHDS.