New data may show big cut in number of poor
India may have reduced extreme poverty far more effectively than most of us are aware of. The last official data is eight years old. In 2011, 268 million people were surviving on less than $1.90 a day, the World Bank measure for extreme poverty. The next round of data on household consumption is likely to come out in June, and it may well show a drastic drop in the number of poor. India’s chief statistician Pravin Srivastava told TOI that the household consumption data will be published in June. Poverty estimates are derived from household consumption data.