Poverty in India over the Last Decade
Surjit S Bhalla
Poverty in India over the Last Decade Economic and Political Weekly Vol.59; No.28 - 13 July 2024 pp. 60-64
The release of microdata from the Household Consumption Expenditure Survey (2022–23) now allows evaluation of methodological advances on nowcasting poverty developed over the last decade. A key issue raised has been the difficulty in the use of national accounts consumption growth as a measure of survey consumption growth, with many using non-standard data sets provided by private sector while others developing imputation-based approaches using other NSSO surveys. Forecast errors provide a useful evaluation technique for these advances. The simple approach of using consumption growth from national accounts outperforms each of these methods and does so in a significant manner.
Economics
India
Poverty
Household Consumption Expenditure Survey (2022–23)
Consumption growth
Poverty in India over the Last Decade Economic and Political Weekly Vol.59; No.28 - 13 July 2024 pp. 60-64
The release of microdata from the Household Consumption Expenditure Survey (2022–23) now allows evaluation of methodological advances on nowcasting poverty developed over the last decade. A key issue raised has been the difficulty in the use of national accounts consumption growth as a measure of survey consumption growth, with many using non-standard data sets provided by private sector while others developing imputation-based approaches using other NSSO surveys. Forecast errors provide a useful evaluation technique for these advances. The simple approach of using consumption growth from national accounts outperforms each of these methods and does so in a significant manner.
Economics
India
Poverty
Household Consumption Expenditure Survey (2022–23)
Consumption growth