Issue of Poverty Underestimation
Syllabus: Poverty Source: TH Context: The 2023-24 Household Consumption Expenditure Survey (HCES) revealed a decline in urban and rural poverty, amid ongoing debates on data comparability, availability, and defining an adequate consumption basket for the poverty line. About Poverty Data in India: HCES 2023-24: Reports rural poverty reduced to 7.2% and urban poverty to …
