Around 310 millon or 26% of the Indians are poor, a decline of about 4% in two years, claimed Planning Commission deputy chairperson Montek Singh Ahluwalia on Friday.
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 poverty in 2011-12 using the Tendulakar line would probably be around 26% or little more than that,” Ahluwalia said.
According to the Commission’s estimates, poverty ratio was at 29.8% in 2009-10 as per the Tendulakar Committee methodology. The NSSO data, he said, “clearly shows that 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.”
Pranob Sen, ex-chief statistician of India, said the increase in per capita expenditure shows that poverty came down by 2 percentage points every year between 2009-10 and 2011-12, the highest since Independence.‘Drought to pull down growth to 6%’
Deficient monsoon is likely to pull down the economic growth target for the current fiscal to around 6% from the earlier projected figure of 6.5 %, the plan panel said. “If we factor in agriculture, which would not be strong ... (growth) would be closer to 6%. I don’t think we have sufficiently strong industrial turn around yet,” Ahluwalia said.