Economics • Indian EconomyMedium
Which organization in India is statutorily responsible for formulating the national poverty lines and estimating poverty incidence?
A. NITI Aayog, based on consumption expenditure surveys✓ Correct Answer
B. Reserve Bank of India, based on banking credit data
C. Ministry of Finance, based on direct tax collections
D. Registrar General of India, based on decennial census data
💡 Solution & Explanation
NITI Aayog acts as the premier policy think tank responsible for coordinating poverty estimation in India using household consumption expenditure data collected by the National Statistical Office. Historically, various expert committees from the Planning Commission framework have shaped these poverty computation methodologies. Accurate poverty tracking enables targeted welfare distribution and inclusive economic planning.
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