121–130 of 544 posts
Such an awesome accomplishment. Also, it’s interestingly a huge black eye to the CCP: news of this Indian accomplishment will be censored in China, because it proves that nations can progress without forced-sterilization/-abortion/-1-child-policy/authoritarianism/ etc.
just nation level apathy on child mortality in lower class citizens.
I don't understand poverty statistics. With this news, the UK now has more people living in poverty than India (16% vs 22%?). If it is valuable to judge poverty on relative income, you would think the rational course of action would be mass immigration from the UK to India but that is clearly not the case.
Apparently the Multidimensional Poverty Measure is defined as; An index that captures the percentage of households in a country deprived along three dimensions of well-being – monetary poverty, education, and basic infrastructure services – to provide a more complete picture of poverty. There's also the Multidimensional Poverty Index which has an alternate definition
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Why would it be a black eye to the ccp when they’ve lifted twice as many from poverty as India? And far higher growth, gdp per capita, etc. weird comment https://www.worldbank.org/en/news/press-release/2022/04/01/l...
Because the CCP’s (more specifically Xi Jinping’s) entire thesis is that democracies are incapable of producing good outcomes. A lot of the move towards authoritarianism that we’ve been seeing in the world has been driven by the success of the “China model”. If India is successful to a similar degree as China, that shatters this belief, especially since there are very significant questions about the Chinese economy a…
The CCP stance is that democracy wouldn’t work for China. Whether that’s actually true or not is debatable of course.
https://www.reuters.com/article/us-china-politics-xi-idUSBRE...
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Wut, India started from a better state, took same amount of time, to progress 1/5th as much, while still having north korean tier food insecurity. Dooming generations and hundreds of millions of avoidable deaths due to being stuck in poverty for longer than need be. There's nothing to be envious about. Also eliminating rural poverty + building rural infra is the actual hard part that takes time and resources. We'll h…
The truth hurts...
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Those millions who moved to middle class are also helping the layer below them. These lifted households are spending their wealth on house helps, local grocery stores, taxis/autos and a whole lot of other local businesses. This trickle down effect then boosts development in cities where these IT hubs are located. Even more students then want to join these IT companies and enjoy the lifestyle of their seniors thus con…
You seem to be close to the situation. Do you think Indian Walmart is a future inevitability?
Such an awesome accomplishment. Also, it’s interestingly a huge black eye to the CCP: news of this Indian accomplishment will be censored in China, because it proves that nations can progress without forced-sterilization/-abortion/-1-child-policy/authoritarianism/ etc.
Why do so many people on HN hate on China? What's your relationship with Chinese people in your personal life?
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The west is shooting itself in the foot with socialism while Asian countries are lifting people out of poverty at an unprecendented rate. Inequality is a feature, the pie grows larger: https://www.youtube.com/watch?v=HtJwAYJ9B08 Instead of lifting poor class upwards, the west wants to pull everyone else down. Reducing quality of life and regressing in every metric of progress. The future is in Asia, places like Taiwa…
PS: You might find this information on how her old was financed amusing (https://www.snopes.com/fact-check/ayn-rand-social-security/). I know I did.
One of the best things about living in India is watching families move from lower or lower-middle class to middle-class status. Usually, all it takes is someone from the family landing a white-collar job. While the tech bodyshops (TCS, Infosys, etc.) might have a poor reputation in the US, these companies have been absolutely critical in helping move tens of millions into middle-class respectability.
Not everything is rosy though. In cities like Bangalore, real estate is super expensive, thanks to software salaries. The same is happening in second, third tier cities now. But generally speaking, yes, all it takes is one person from a family landing a white collar job. And life becomes (relatively) much better
One of the best things about living in India is watching families move from lower or lower-middle class to middle-class status. Usually, all it takes is someone from the family landing a white-collar job. While the tech bodyshops (TCS, Infosys, etc.) might have a poor reputation in the US, these companies have been absolutely critical in helping move tens of millions into middle-class respectability.
Not everything is rosy though. In cities like Bangalore, real estate is super expensive, thanks to software salaries. The same is happening in second, third tier cities now. But generally speaking, yes, all it takes is one person from a family landing a white collar job. And life becomes (relatively) much better
Such an awesome accomplishment. Also, it’s interestingly a huge black eye to the CCP: news of this Indian accomplishment will be censored in China, because it proves that nations can progress without forced-sterilization/-abortion/-1-child-policy/authoritarianism/ etc.
Today, GDP per capita in India is $2,200.
It is $12,500 in China.
I'm not sure that 'Six times faster growth, and eight years of life expectancy, and seven times fewer people facing hunger and food insecurity' is as much of a black eye as you think.
I could think of quite a few Americans who would happily embrace a one-party state, if it meant that they wouldn't lose five sixths of their wealth and income, and eight years of their life, and have a one-in-seven chance of having to seriously face starvation. Most of them, actually.