New Global Poverty Estimates: What do these mean? Himanshu

Recent estimates of poverty using the data from the latest ICP have led to an upward adjustment of the estimate of poor in the world by 400 million. Although better than previous such estimates, the assumptions behind these adjustments and the quality of data obtained from the ICP limit the usefulness of such exercise for cross-country poverty comparisons. For India, these estimates suggest severe under-estimation in the official estimates of poverty.

poverty_estimates (Download the full text in PDF format)