A recent International Monetary Fund (IMF) working paper suggests that $3.2 on purchasing power parity (PPP) basis per person per day could be made an official poverty line since India has almost eliminated extreme poverty at $1.9 PPP.
"The low level of extreme poverty–-around 0.8 per cent in both 2019 (0.76 per cent) and 2020 (0.86 per cent)–-is suggestive of the need for the official poverty line to now be PPP $3.2," said the paper, co-authored by Surjit Bhalla, executive director for India at the Fund, Arvind Virmani, former chief economic advisor and Karan Bhasin, a policy researcher.
The paper