The panel, headed by former RBI governor C Rangarajan who also was the chairman of the prime minister's economic advisory council in the UPA government, estimates there were 363 million people, or 29.5% of India's 1.2 billion population, who lived in poverty in 2011-12. The number is significantly higher that the official estimate of 269 million and the difference of about 94 million is attributed primarily to a change in the definition of the poverty line.



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