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IMF findings on India’s poverty index

New IMF paper finds that extreme poverty (less than PPP$ 1.9 per person per day) in India is less than 1 per cent in 2019
New IMF paper finds that extreme poverty (less than PPP$ 1.9 per person per day) in India is less than 1 per cent in 2019 and it remained at that level even during the pandemic year 2020.
Low level of extreme poverty in two consecutive years, and one including the pandemic, can be considered as elimination of extreme poverty.
PMGKAY was critical in preventing any increase in extreme poverty levels in India and the doubling of food-entitlements worked substantially in terms of absorbing the COVID – 19 induced income shocks on the poor.
The pandemic shock is largely a temporary income shock; temporary fiscal policy interventions was the fiscally appropriate way to absorb a large part of the shock.
Consumption growth (an important determinant of poverty) was found to be higher in 2014-19 than the robust growth observed 2004-2011.
The paper also examines, in some detail, the plausibility of the results contained in the NSS consumer expenditure survey of 2017-18.
The conclusion – the survey was not of a quality useful for any analysis.