Poverty - Comprehensive Notes - Indian Economy UPSC Mains Answer

Comprehensive Answer on Poverty Definition of Terms a) Poverty Line : The poverty line is the minimum income level necessary to meet basic human needs like food, clothing, and shelter. In India, it is defined in terms of per capita consumption expenditure, updated periodically to reflect changes in price levels and living standards. b) Poverty : Poverty refers to the state where individuals or groups lack the financial resources and access to essential services required for a basic standard of living. It encompasses deprivation of food, healthcare, education, and employment opportunities. c) Head Count Ratio (HCR) : The Head Count Ratio measures the proportion of the population living below the poverty line. It is calculated as the number of poor people divided by the total population, expressed as a percentage. d) Calorie Deficit/Calorie Gap : The calorie deficit, or calorie gap, refers to the difference between the average daily calorie intake of an individual and the minimum required calor…