The simmering debate over poverty rate
- The Great Indian Poverty Debate is back, with several estimates trying to fill in the gap created by the absence of official data
- An IMF working paper estimated that India had eliminated extreme poverty just before the pandemic.
London/Boston: As the 2024 elections approach, taking stock of the economy after a decade-long rule of the government led by Prime Minister Narendra Modi becomes a natural talking point. Over the last year, that could be a reason why a debate about India’s poverty rate—dubbed the Great Indian Poverty Debate 2.0—has started and shows no sign of being settled.