Question
Download Solution PDFAccording to the Tendulkar methodology, what was the estimated percentage of people below the poverty line in rural areas in 2011-12?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 25.7.%
Key Points
- The Tendulkar methodology is used to estimate the percentage of people living below the poverty line in India.
- According to this methodology, the percentage of people below the poverty line in rural areas in India was estimated to be 25.7% in the year 2011-12.
- This estimation is based on the monthly per capita consumption expenditure which takes into account the cost of food, education, and health.
- The methodology was named after Suresh Tendulkar, who was the chairman of the committee set up to review the poverty estimation in India.
- The Tendulkar methodology brought a significant change by shifting from the calorie intake-based poverty estimation to the consumption expenditure-based estimation.
Additional Information
- Tendulkar Methodology
- Suresh Tendulkar was an Indian economist who played a key role in poverty estimation.
- The methodology accounts for non-food items like education and health in addition to food items.
- It provides a more comprehensive understanding of poverty by considering living standards beyond mere calorie consumption.
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