India is considering a recalibration of socio-economic markers to measure the progress of its citizens in terms of their living standards and access to basic amenities. Here are some reasons why:

• Current markers, such as the poverty line, do not reflect the true picture of the living conditions of people in India. For example, the poverty line is based on a definition that is over 40 years old which does not take into account the changing standards of living.
• A recalibration is expected to provide a more realistic picture of poverty and inequality in the country. This will help in more targeted poverty reduction efforts and thus, better allocation of resources for various government schemes.
• A new set of markers will also help in creating a more comprehensive and homogenous database which is important for policy planning and implementation.
• It will help in identifying the vulnerable and marginalized sections of the society more effectively and aid in formulating policies that can improve the overall standard of living for these groups.
• A recalibration will assist in addressing issues of social justice and inequality, and thus improve the overall human development situation in the country.

Overall, the recalibration of socio-economic markers is expected to have a significant impact on the country's social and economic development. It will enable better targeting of government policies and increase the efficiency of poverty reduction efforts.