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Showing posts with label Finance. Show all posts
Showing posts with label Finance. Show all posts

May 1, 2011

Why the poor want to stay very poor on paper

Poverty has declined from 37.2% in 2004-05 to 32% in 2009-10, according to preliminary Planning Commission estimates based on consumption surveys of the National Sample Survey Organization (NSSO). Some welcome the news; others complain that fast growth has not reduced poverty fast enough. Still others, notably economist Surjit Bhalla, pour scorn on the data, and imply these have been fudged to exaggerate poverty.


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