Case for an Asset-Based Indicator of Vulnerability
摘要
This policy brief critically evaluates the conventional methods of measuring poverty in India, based on current consumption. While these estimates effectively explain current poverty, they do not capture chronic poverty or households’ ability to withstand economic shocks. An asset-based approach is more effective in capturing these aspects. Therefore, this brief advocates for using both a consumption-based measure of current poverty and an asset-based measure of vulnerability to provide a comprehensive understanding of the different dimensions of poverty.