Try GOLD - Free
Has poverty level fallen below 5%?
The Morning Standard
|February 27, 2024
Estimate suggests the poverty level could be around 3%, closer to Niti Aayog CEO’s claim
-
THE Securities Exchange Board of India (SEBI) on Monday said it has been receiving a number of complaints against fraudulent trading platforms falsely claiming as SEBI-registered foreign portfolio investors (FPIs) or offering trading opportunities through FPI accounts. In other words, just about 4.45 crore Indians are below poverty, going by the latest Household Consumption Expenditure Survey 2022-23.
fractile, or the bottom 5% of the population and households under the 5-10% fractile -- the two groups vulnerable to extreme poverty. The bottom 5% spends about 1,441 per person a month on average. One can assume that the 2.5th percentile spends ₹1,441. The next 5% of the population fork out ₹1,864 going by the latest data. The difference between both works out to ₹423. And going by the earlier Tendulkar extrapolation, rural poverty works out to 1,534 for the bottom 5%, which is ₹93 higher than the average monthly consumption expenditure of ₹1,441.
This story is from the February 27, 2024 edition of The Morning Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Morning Standard
The Morning Standard
GREATEST ARTIST ON AND OFF THE FIELD
LIONEL MESSI
3 mins
December 14, 2025
The Morning Standard
CAUGHT IN A PERFECT STORM
Lax IndiGo prep to implement new rostering rules, allegedly hoping to leverage its ‘monopoly’ after massive disruptions, landed it in uncharted territory
2 mins
December 14, 2025
The Morning Standard
Delhi Aces seal semifinal berth
TPL 2025
1 min
December 14, 2025
The Morning Standard
South realtors eyeing a pie of north market
RERA reforms, land record digitisation are making North an attractive market
3 mins
December 14, 2025
The Morning Standard
27 Maoist-hit dists under MHA scanner
THE Ministry of Home Affairs (MHA) has said 27 districts freed from Maoists' stranglehold have been brought under the security-related expenditure (SRE) scheme to prevent return of leftwing extremism (LWE).
1 mins
December 14, 2025
The Morning Standard
Blast accused a proclaimed offender, says Srinagar court
A National Investigation Agency (NIA) court in Srinagar has declared absconding Dr Muzaffar Ahmad Rather, a resident of J&K’s Kulgam and an accused in “white-collar” Jaish terror network involved in November 10 Red Fort blast as “proclaimed offender”.
1 min
December 14, 2025
The Morning Standard
'₹92cr assets of urban Naxals' seized in 10 yrs'
IN a decade-long crackdown the security agencies have widely disrupted Naxalite operations, confiscating assets totalling ₹92 crore, the central government said on Saturday.
1 min
December 14, 2025
The Morning Standard
5.7K trees to go for U'khand highway expansion
AS environmentalists continue to protest the felling of over 6,000 trees for a highway project in Uttarkashi, another major ecological concern has emerged from the Kumaon region.
1 min
December 14, 2025
The Morning Standard
40-yr-old lynched to death in Bihar over religious identity
A 40-year-old man was lynched by a mob after ascertaining his religious identity in Bihar's Nawada district, sources said on Saturday.
1 mins
December 14, 2025
The Morning Standard
Russian ally Belarus frees 123 prisoners as US lifts sanctions
THE United States will lift sanctions on Belarusian potash in the latest sign of a thaw between Washington and the isolated autocracy
1 min
December 14, 2025
Listen
Translate
Change font size