On poverty lines and economic growth

Read the full post on The Print. Written jointly with Yash Mehta.

The development agenda today is largely about drawing an arbitrary line for poverty and focusing on a narrow goal of pulling individuals just above this line. Multilateral development organisations like the UN and the World Bank play an important role in setting the development agenda for poor and middle-income countries like India, but have not done enough to push for a realistic global poverty line.

The World Bank defines poverty as earning less than $1.90/day, after adjusting for purchasing power parity. The UN recently released its Multidimensional Poverty Index, which considers poverty to not just be a deprivation in income, but also in other indicators of well-being.

Continue reading on The Print.

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