EXPLAIN THE POVERTY LINE AND POVERTY ESTIMATES?
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Please find below the solution of the asked query:
Poverty line refers to the cut off point in terms of per capita expenditure incurred by the people to satisfy basic needs. The people lying below this cut-off point are considered as poor. For example, i f the per capita expenditure of Rs 300 per month is taken as a cutoff point, then those surviving on a monthly income of less than Rs 300 are considered as poor. According to the estimates, in 1999-2000, there were 260 million below poverty line.
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