- According the Planning Commission the International Comparison of Prices from 2005 to 2011 has been revised by the World Bank.
- The World Bank website says to calculate Purchasing Power Parities (PPPs) ICP figures are used along with other economic variables from countries national accounts in the form of exchange rate of cost and affordability of common items in different countries usually express in the form of US dollars.
- The poverty line will be revised by the World Bank in keeping with the revised PPP’s which is at $1.25 per day. The revision of figures would be too early to say that there is a drastic fall in poverty.
- The World Bank’s official poverty statistics arrive with a lag after new PPP become available as the PPPs will be taken readily to amend GDP which is not true for poverty incidences however an active research programme to determine how the PPPs affect the poverty statistics.”
- Venkatesh Athreya who is an economist said that it is not a numbers game as the poverty line from long time has been nothing but a dealth line and just by attributin a higher value to rupee against dollar cannot determine poverty increasing or decreasing as the market rate of exchange is not an accurate reflection of purchasing power parity
- Read at: http://www.thehindu.com/todays-paper/tp-national/will-poverty-figures-drop-after-world-banks-revision-of-ppp/article6289380.ece