Poverty in India over the Last Decade

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  • Economic and Political Weekly Vol.59; No.28 - 13 July 2024 pp. 60-64
Subject(s): Online resources: Summary: 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.
Item type: Journal Articles
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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.

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