Concepts of Poverty: There are two major concepts of poverty in India, which include absolute poverty and relative poverty.
- Absolute Poverty: Absolute Poverty can be measured in terms of calorie intake on daily basis. As per the standard set by the planning commission, in case a person is not able to take a calorie intake of 2400 calories in a rural area and 2100 calories in an urban area then the person is called absolute poor. It is found in developing and under-developing countries. It can be eradicated with proper planning of the government.
- Relative Poverty: Relative poverty is a universal phenomenon and is found in all countries. It can be measured through comparison of standard of living of different sections of people in terms of different income, wealth, consumption, etc. It cannot be completely eradicated from any country.
