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To Download Lecture Notes Click Here 👇 Sambhav 2027 - Free UPSC series (Hinglish) - https://physicswallah.onelink.me/ZAZB/24myxmth Sambhav 2027 - Free UPSC series (Hindi) - https://physicswallah.onelink.me/ZAZB/4pf6k9o9 _____________________________________ Master the critical concepts of Poverty, Inequality, and Unemployment in this comprehensive Indian Economy session designed for UPSC Civil Services aspirants. This lecture breaks down complex economic indicators, survey methodologies, and global indices that frequently appear in UPSC Prelims and Mains (GS Paper 3). _____________________________________ We start by analyzing the evolution of poverty definitions from a uni-dimensional (income-based) approach to the modern Multidimensional Poverty Index (MPI) led by UNDP and OPHI, and how NITI Aayog adapted it to create the National MPI. The session deeply explores the types of poverty (Chronic, Transient, Churning) and the vicious cycle/poverty trap. We then transition to Unemployment, demystifying key terms like Working Age Population, Labour Force Participation Rate (LFPR), and Female LFPR in India. You will learn the exact calculation methodologies used in the Periodic Labour Force Survey (PLFS), including the Usual Status Approach, Current Weekly Status, and Current Daily Status. Finally, the lecture tackles Economic Inequality, offering a crystal-clear explanation of the Lorenz Curve, Gini Coefficient, and Gini Index. Key Topics Covered: Evolution of Poverty definitions & SDG Goal 1 Head Count Ratio vs. Poverty Gap Ratio Multidimensional Poverty Index (UNDP vs. National MPI by NITI Aayog) Alkire-Foster Dual Cut-off Method Types of Poor: Chronic, Transient, Churning, and Inter-generational Labour Force Participation Rate (LFPR) & PLFS Data Unemployment Types: Cyclical, Structural, Disguised, Frictional & Technological Calculating Unemployment: Usual Status, CWS, and CDS Lorenz Curve & Gini Coefficient/Index Explained _____________________________________ ⌛Timestamps 00:00:00 Introduction & Importance of Revision 00:05:32 Understanding Poverty: From Uni-dimensional to Multidimensional 00:11:00 SDG Goal 1 (No Poverty) 00:12:35 Poverty Line, Head Count Ratio & Poverty Gap Ratio 00:19:58 Multidimensional Poverty Index (MPI) by UNDP & OPHI 00:26:46 Weightage of Indicators in MPI 00:28:55 The Alkire-Foster Dual Cut-off Method Explained 00:39:05 National MPI by NITI Aayog (Additions & Weightage) 00:46:43 Absolute vs. Relative Poverty 00:50:52 Categories of Poverty: Chronic, Transient, Churning & Non-Poor 00:55:54 Poverty Trap, Vicious Cycle & Inter-generational Poverty 01:04:00 World Bank's Poverty Threshold ($3/day) 01:05:30 Defining Unemployment & Underemployment 01:14:10 Working Age Population & Labour Force Participation Rate (LFPR) 01:23:00 Female Labour Force Participation Rate in India (PLFS Data) 01:28:45 How Unemployment Rate is Calculated 01:38:00 Unemployment Survey Methodologies (Usual, Weekly, Daily Status) 02:00:45 Types of Unemployment (Cyclical, Structural, Disguised, etc.) 02:14:08 Income Inequality in India 02:16:00 Lorenz Curve & Line of Perfect Equality 02:24:05 Gini Coefficient & Gini Index Explained _____________________________________ UPSC Economy, Indian Economy for UPSC, Multidimensional Poverty Index, National MPI NITI Aayog, Types of Unemployment, Disguised Unemployment, Labour Force Participation Rate, Female LFPR India, PLFS Data UPSC, Lorenz Curve, Gini Coefficient, Gini Index, Absolute and Relative Poverty, UPSC GS Paper 3, Economy Revision UPSC, UPSC Free Series, Vicious Cycle of Poverty, Alkire Foster Method, Current Weekly Status. _____________________________________ Lecture by- Rishav Sharma Sir 6480689b06e44d0018c28c59 _____________________________________ #UPSCEconomy #IndianEconomy #UPSCGS3 #PovertyInIndia #UnemploymentRate #GiniCoefficient #LorenzCurve #UPSCPrelims #IASPreparation #NitiAayog #CurrentAffairsUPSC #UPSC2027

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