IMF paper says India has nearly eliminated extreme poverty

Swaminathan S Anklesaria AiyarTIMESOFINDIA.COM

Apr 15, 2023 | 20:47 IST

Poverty declined in the Congress era as well as under BJP rule. However, it was not just subsidised food but rapid GDP growth that made the difference

An International Monetary Fund (IMF) working paper by Bhalla, Bhasin and Virmani (henceforth called BBV) has come out with a series of poverty projections based on different assumptions, the most optimistic of which shows extreme poverty virtually disappearing at just 0.86% of the population (12 million people). (This is based on the World Bank’s extreme poverty line of consumption of $1.9 per day).

Is this plausible? If so, how much credit goes to the BJP?

/business/india-business

/india-nation

TOI

TOI

IMF paper says India has nearly eliminated extreme poverty

Poverty declined in the Congress era as well as under BJP rule. However, it was not just subsidised food but rapid GDP growth that made the difference

{{{h1}}}

{{{h1}}}

{{{h3}}}

{{{offerprice}}}

{{{h3}}}

{{{offerprice}}}

{{{h1}}}

{{{h1}}}

{{{h1}}}

{{h2}}

{{{h1}}}

{{h2}}

{{{h1}}}

{{h2}}

Your Privacy is Important to us

Opt out of the sale or sharing of personal information

TOI

IMF paper says India has nearly eliminated extreme poverty

Poverty declined in the Congress era as well as under BJP rule. However, it was not just subsidised food but rapid GDP growth that made the difference

{{{h1}}}

{{{h1}}}

{{{h3}}}

{{{offerprice}}}

{{{h3}}}

{{{offerprice}}}

{{{h1}}}

{{{h1}}}

{{{h1}}}

{{h2}}

{{{h1}}}

{{h2}}

{{{h1}}}

{{h2}}