What is PPP in poverty line?

Purchasing Power Parity or PPP refers to an economic theory that compares the economic productivity and living standards of different countries using the basket of goods approach.

What is the poverty line in terms of per day calories intake from meal for rural and urban areas?

Time Line of Poverty Estimation in India It was based on a minimum daily requirement of 2400 and 2100 calories for an adult in Rural and Urban area respectively.

What is the present internationally accepted poverty line for a year according to the World Bank?

US$1.90 per day
Last year the World Bank adjusted the International Poverty Line from US$1.25 to US$1.90 per day.

What is poverty line standard is used by the World Bank for the estimation of poverty line?

The $1-a-day standard, measured in 1985 prices and adjusted to local currency using purchasing power parities (PPPs), was chosen for the World Bank’s World Development Report 1990: Poverty, because it is typical of the poverty lines in low-income countries.

What is purchasing power parity of India?

In 2020, purchasing power parity for India was 22 LCU per international dollars. Purchasing power parity of India increased from 9.8 LCU per international dollars in 2001 to 22 LCU per international dollars in 2020 growing at an average annual rate of 4.39\%.

What is the concept of the poverty line how is poverty line determined in India?

The present formula of deciding poverty line in India is based on calorie requirements. The accepted average calorie requirement in India is 2400 calories per person per day in rural areas and 2100 calories per person per day in the urban areas.

What do you understand by poverty line in the Indian context explain the extent of poverty in India?

Poverty line is the level of income to meet the minimum living conditions. Poverty line is the amount of money needed for a person to meet his basic needs. It is defined as the money value of the goods and services needed to provide basic welfare to an individual.

How is the international poverty line determined?

The international poverty line is a monetary threshold under which an individual is considered to be living in poverty. It is calculated by taking the poverty threshold from each country—given the value of the goods needed to sustain one adult—and converting it into dollars.

Why is World Bank important to poverty line?

The world bank estimates a global poverty line, which is defined as a daily expenditure of $1.90. The importance of this measure is that it is the one globally accepted poverty line. Due to this reason, the world bank is important for estimating poverty.

How does World Bank defines about international poverty line?

Definition: The indicator Proportion of population below the international poverty line is defined as the percentage of the population living on less than $1.90 a day at 2011 international prices. The ‘international poverty line’ is currently set at $1.90 a day at 2011 international prices.