The present methodology of poverty estimation is not appropriate.

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True

False

answer is A.

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Detailed Solution

The Above Statement is True.
1)      I don't think the poverty estimation methodology in India is appropriately accurate, as many loopholes need to be taken care of.
2)      The minimum value that decides the person living Below Poverty Line (BPL) is so low that even for an individual earning this much amount, it becomes utterly brutal to fulfil his basic requirements.
3)      The minimum value is too low to meet an individual's demand during inflation. As the amount is fixed and the market price keeps fluctuating.
4)      So, the best solution to this problem is to change the parameters of determining poverty and use a new economic model.

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