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Do you think that the present methodology of poverty estimation is appropriate?
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The current method of poverty estimation based on expenditure provides a basic understanding but has limitations. It doesn’t fully consider factors like access to services or regional differences. A more comprehensive approach, considering non-monetary aspects, could improve accuracy in identifying and aiding the impoverished. Continuous refinement of the method is crucial for better-targeted poverty alleviation efforts.
The present methodology of poverty estimation is not appropriate because it takes
into account only one factor i.e., minimum level of food requirement and other things. It is about a ” minimum” subsistence level of living rather than a “reasonable” level of living. Many scholars advocate that the concept should be broadened into human poverty. It should include education, shelter, health care job security, caste and gender equality and dignity for the poor. Worldwide experience shows that the definition of what constitutes poverty should change
accordingly.