Growth busts poverty

Poverty estimates between 2004-05 and 2009-10 show a sharp reduction in the absolute number of the poor by 52.5 million to 354.7 million. This is encouraging for several reasons. While the new poverty line at lower than the earlier Rs 32 per day benchmark - Rs 22.43 per day for rural areas and Rs 28.65 per day for urban areas - may draw grumbles, the fact is the percen-tage of below poverty line people has declined at double the pace of that bet-ween 1993-94 and 2004-05.

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