What is Rangarajan Poverty Line?
Why in the News? After the C. Rangarajan Committee (2014) set India’s last official poverty line, economists from the Reserve Bank of India (RBI) have now revisited and updated the estimates using new household consumption data from Household Consumption Expenditure Survey (HCES) 2022–23. Evolution of Poverty Measurement in India: Planning Commission (1962): ₹20 (rural) and… Continue reading What is Rangarajan Poverty Line?

