Answer:
No,
the present methodology of poverty estimation is in appropriate because it
takes into account only the basic needs of food, clothing, fuel, etc. But the quality
of these basic necessities is the lowest quality available, which is not
appropriate,
(i) The amount which is fixed as the poverty line does not include the margin
for price fluctuations and price rise which is constantly occuring.
(ii) The poverty line should include some correction for inflation and to
take care of the market fluctuations.
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