India to Borrow and Spend More in 2010-2011

[RiazHaq]

So I would rather use a multi dimensional index than a single dimension one.. Simply because $1.25 goes further in India than in Pakistan (that is shown by a higher PPP per capita in india even though OER per capita is more or less same) and much much farther than it goes in the US. So using a multi dimensional index that factors in multiple factors is definitly better than using the one that paints with single broad brush..

From UN site

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Rather than measure poverty by income, the HPI uses indicators of the most basic dimensions of deprivation: a short life, lack of basic education and lack of access to public and private resources. The HPI concentrates on the deprivation in the three essential elements of human life already reflected in the HDI: longevity, knowledge and a decent standard of living. The HPI is derived separately for developing countries (HPI-1) and a group of select high-income OECD countries (HPI-2) to better reflect socio-economic differences and also the widely different measures of deprivation in the two groups.

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The PPP methodology is seriously flawed.

Moving away from $1.25 by Indian govt makes a mockery of its BPL level which is subject to politics in India.

The use of Rs 300 to 400 per month to define poverty in India is ridiculous....considering 20% food inflation in India.

The prices of pulses, milk, wheat and rice - and vegetables like potatoes - have risen sharply.

Potato prices have gone up by 136% and pulses have risen by over 40% over last year.

BBC News - India food prices hit 10-year high

The new Indian govt trick to reduce the calorie level to define BPL is also fraught with problems, especially for the rural poor who need more calories because of the nature of the physical labor they perform in farming.

 

[Chiru]

 

[Chiru]

 

[ajpirzada]

ok. thread closed.