ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Poverty of Thought versus Richness of Imagination

A Flashback

The release of the factsheet of the Household Consumption Expenditure Survey for 2022–23 led government agencies and a section of economists to claim a massive reduction in poverty over the past decade with alacrity. While there is no denying that there has been a reduction in poverty, the reluctance of scholars and administrators to admit and correct the data discrepancies is unwarranted. More disturbing is attributing the data- and methodology-linked queries to poverty of thought.

 

The debate on poverty in argumentative India has never been conclusive, despite elaborate empirical churning with national and international participation in the late 1990s. Most of it, apart from the debaters’ own convictions, had to do with the methodology used in data collection, determining the “right” poverty line, obtaining appropriate prices for rural and urban areas and in different states, and resolving the discrepancy of the consumption estimates of the National Sample Survey (NSS) with that from the national income accounts. 

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Published On : 19th Apr, 2024

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