The Planning Commission of India finds itself in a spot after
submitting before the Supreme Court that the poor are those who, per day, spend less than
Rs. 25 and Rs. 32 in rural and urban areas, respectively. While it’s always
debatable whether the right methodology has been adopted or how valid these
numbers are, but this "Rs. 32 debate" does have some positive significance as far as our
macro policies are concerned. Let’s discuss the two major ones.
