ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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From 50 Years Ago:How Poor, the Poor?

The great income controversy is at last at rest. ...

The great income controversy is at last at rest. ...

But how poor are the poor? According to Nanda, the poorest ten per cent of the population have an average monthly per capita expenditure of Rs 8 in rural areas and Rs 10 in urban areas, or 4.3 annas and 5.3 annas per day, respectively! What does that mean? The most austere balanced diet with a minimum consumption of other items would, it has been estimated, cost something like Rs 35 per head per month. For the poorest ten per cent of the population, over 40 million people, to be able to aspire to this standard by 1976, that is by the end of the Fifth Plan, the rate of growth of per capita income would have to be 12 per cent, compared to the Third Plan target of 4 per cent. ...

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