Who among the following formulated the concept of poverty as a measurable indicator in the Indian subcontinent ?
Dadabhai Naoroji
Romesh Chandra Dutt
V.K.R.V. Rao
M. Ranade
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CDS-1 – 2022
Dadabhai Naoroji was one of the earliest individuals to attempt to estimate poverty in India using a measurable indicator.He calculated a ‘Poverty Line’ based on the cost of a minimum diet necessary for subsistence, essentially estimating the ‘jail cost of living’ for a basic living standard. This was linked to his ‘Drain of Wealth’ theory, arguing that British rule caused economic impoverishment in India.