#himanshu

Some more concept art for my fan manga!

While there has been some success in poverty reduction, India's experience pales in comparison to most other countries that became independent around the same time or started at similar levels of per capita income such as China, Vietnam or Bangladesh. Also concerning is that we have no official estimates of poverty and inequality after 2011-12. The last consumption survey was conducted in 2017-18 whose report was leaked, but not released. It showed a decline in consumption expenditure in rural areas while it barely increased in urban areas. The net result was a rise overall poverty. This is the first time in four decades that consumption expenditure has declined and poverty risen between two quinquennial rounds. The government’s decision to junk the survey does not erase the fact that this decade seems to have seen a setback in the fight against poverty. Other indicators such as unemployment, wages and incomes vindicate this. With growth also slowing down, the challenge to eradicate extreme poverty is even bigger than it was during the 1990s and 2000s. The severe economic disruption due to the pandemic will only make it more difficult.