Beschreibung:
The last expenditure survey released by India’s National Sample Survey organization dates back to 2011, which is when India last released official estimates of poverty and inequality. This paper uses a new household panel survey conducted by a private data company combined with a new approach to estimate India's poverty and inequality trajectory since 2011. The results show that: (1) extreme poverty is 12.3 percentage points lower in 2019 than in 2011, with greater poverty reductions in rural areas; (2) urban poverty rose by 2 percentage points in 2016 (coinciding with the demonetization event) and rural poverty reduction stalled by 2019 (coinciding with a slowdown in the economy); (3) poverty is estimated to be considerably higher than earlier projections based on consumption growth observed in national accounts; and (4) consumption inequality in India has moderated since 2011