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26% of Indians poor, says Montek

Around 310 million Indians or 26 % of Indian are now poor,claimed Planning Commission deputy chairperson Montek Singh Ahluwalia on Friday. It means a decline of about 11.2 % or around 900 millions brought out of poverty since the UPA government came to power.

business Updated: Aug 04, 2012 03:02 IST
HT Correspondent

Around 310 million Indians or 26 % of Indian are now poor,claimed Planning Commission deputy chairperson Montek Singh Ahluwalia on Friday. It means a decline of about 11.2 % or around 900 millions brought out of poverty since the UPA government came to power.



The new projection is based on the provisional data on consumer expenditure released by the National Sample Survey office earlier this week.



“Many of the academicians...said that poverty in 2011-12 using the Tendulakar line would probably be around 26 per cent or little more than that,” Singh said.



According to the Commission's estimates poverty ratio was at 29.8 per cent in 2009-10 as per the Tendulakar Committee methodology.



The NSSO data, he stressed, "clearly show that whatever the poverty line is used, there has been a sharp decline in poverty... The rate at which the poverty has gone down after 2004-05, is much higher than the rate at which it went down between 1993-94 and 2004. It would be true even if we raise the poverty line."