The findings of the Rangarajan panel report on poverty estimates have been declared and it report states that three out of 10 people in India are poor.
The report has hiked the poverty limit to Rs 47 per day in cities, stating that people spending below that would be considered poor. The Tendulkar committee report had fixed the poverty line at Rs 33 per day for urban areas.
The Rangarajan report also states that those spending less than Rs 32 per day in rural areas would be considered poor. The Tendulkar committee had pegged the poverty line at Rs 27 a day for rural India.
The Rangarajan report claims that the number of poor in India stood at 36.3 crore in 2011-12.