Four Facts on Inclusive Growth in India
Surjit S Bhalla Karan Bhasin
Four Facts on Inclusive Growth in India Economic and Political Weekly Vol.60; No.45 - 08 Nov. 2025 pp. 58-63
This paper analyses data from the household expenditure survey for 2022–23 and 2023–24. Data from these surveys indicate a substantial decline in poverty levels in India. In addition, the household expenditure data for 2023–24 documents one of the sharpest annual declines in the poverty headcount ratio. An immediate policy implication of the low prevalence of poverty is the need for an updated official poverty line. This paper adopts a relative poverty line approach to define new poverty lines for future policy considerations.
Economics
Poverty line
Inequality
Household expenditure
Four Facts on Inclusive Growth in India Economic and Political Weekly Vol.60; No.45 - 08 Nov. 2025 pp. 58-63
This paper analyses data from the household expenditure survey for 2022–23 and 2023–24. Data from these surveys indicate a substantial decline in poverty levels in India. In addition, the household expenditure data for 2023–24 documents one of the sharpest annual declines in the poverty headcount ratio. An immediate policy implication of the low prevalence of poverty is the need for an updated official poverty line. This paper adopts a relative poverty line approach to define new poverty lines for future policy considerations.
Economics
Poverty line
Inequality
Household expenditure