Describe poverty trends in india since 1973

Describe poverty trends in India since 1973.

Solution

Income and consumption levels are common ways to determine poverty. If a person’s income or consumption falls below the “minimum level” required to meet basic needs, they are considered poor. The poverty line in India is defined as the minimum food requirement, clothing, footwear and fuel, and any other educational or medical conditions. Subsistence is determined. These quantities are multiplied by their rupee prices. When estimating poverty, the resent formula is used to calculate food needs, and it uses the desired calorie requirement.

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