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India lifted 415M out of poverty in 15 years, says UN

economictimes.indiatimes.com

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Re: India lifted 415M out of poverty in 15 years, says UN

#261

Post by dQw4w9WgXcQ »

endisneigh wrote: post #43
mensetmanusman wrote: post #15

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 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...

This is like intentionally shipping bugs into production so you can be the hero and fix them. Why did China have to lift 800M people out of poverty in the first place? Congratulations to the Chinese gov on decreasing the way they treat their populace like farm animals?

Re: India lifted 415M out of poverty in 15 years, says UN

#262

Post by mytailorisrich »

naravara wrote: post #166
adamc wrote: post #137

Earlier quoted context omitted.

There are lots of reasons to think the PRC is about to hit a very rough patch as globalism shrinks.

Shrinking globalism has a lot of causes so I don't want to overstate the case here, but one big part of the drive to pull back from it is the PRC's own currency manipulation and leveraging of its manufacturing bottleneck for geostrategic aims. They have themselves to blame partly. But really, their demographic precipice is what's going to stall them out. I hope their political system is functional enough to let it tr…

Everyone, certainly India, need to stop population growth.

We need to thank China as the developing country that has made massive efforts on that issue over the past 45 years.

Re: India lifted 415M out of poverty in 15 years, says UN

#263

Post by surement »

joenot443 wrote: post #197
umeshunni wrote: post #163

Earlier quoted context omitted.

> I had a friend tell me the other day that I couldn't be anti-racist if I wasn't anti-capitalist, because capitalism is by inherently racist. I think you need to get more educated friends.

FWIW, she has a Masters in French Lit from one of our relatively well-respected schools, but obviously I completely disagree with her on most political topics. These kinds of stances are more common than you'd think in Canadian academic circles.

> she has a Masters in French

I think people have different definitions of what "educated" means. The average social studies grad has zero grasp of basic economic concepts, but a lot of them feel confident comparing economic philosophies.

Re: India lifted 415M out of poverty in 15 years, says UN

#264

Post by stubish »

synergy20 wrote: post #238

Per my observation over the years, India immigrants are unique at hi-tech job market, when one India became a manager, over one or two years, all his team is pretty much filled up with people from India, this is unseen in other ethnic groups like Chinese, Japanese, or any other races. I can not stop thinking if they violated Equal Employment Opportunity (EEO) laws in US.

Personal networks are a huge factor. My network? Pretty much tapped out of hiring leads soon after university. I got 2 applicants to apply over the last 15 years, and there was a decent hiring bonus. What sort of networks might these Indian managers and their subordinates have? Lots of eager, qualified applicants, especially from people still with family, friends or cultural connections in India. And these applicants have a sympathetic ear, who will not toss their application in the bin, who will in general be more familiar with visa and immigration rules regarding these applicants. And the manager gets first dibs in a tough yet still discriminatory market.

Re: India lifted 415M out of poverty in 15 years, says UN

#265

Post by surement »

standardUser wrote: post #62
seibelj wrote: post #5

[flagged]

It's a mixed economy , with massive government inference in markets, just like literally every single country on the planet.

it's moving away from being one of the worst examples of central planning and bureaucracy

Re: India lifted 415M out of poverty in 15 years, says UN

#266

Post by retinaros »

spaceman_2020 wrote: post #216
nsenifty wrote: post #68

Earlier quoted context omitted.

My first job was in Infosys back in 2001. Coming from a lower-middle class farming family, it was a huge deal. My monthly gross was something my dad (farmer) + mom (school teacher) would earn in an entire year. I remember my dad proudly putting a portrait of NR Narayana Murthy (founder of Infosys) on our wall - it is usually reserved for gods/ancestors or revered sages.

My FIL funded their maid’s kids education. The son got into a decent engineering school and landed a job at TCS. The daughter studied nursing and got a job at a large chain hospital. The kids bought their mom an apartment and a car. Its just amazing to watch - this woman’s mom, grandmom, aunts, uncles were all peasants or did odd trades. Now because of a single generation, the entire family could dream of middle clas…

its amazing. and unfortunately they will be the last generation that will be able to do it. just like for western countries everything will become unaffordable and the middle class wont be able to buy houses

Re: India lifted 415M out of poverty in 15 years, says UN

#267

Post by rippercushions »

endisneigh wrote: post #123
rhaway84773 wrote: post #112

Earlier quoted context omitted.

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…

I’m curious to see a source that says the modern CCP states that democracy cannot succeed in general. 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...

The official CCP stance is that China is democratic. Here's the literal party line:

Democracy is a common value of humanity and an ideal that has always been cherished by the Communist Party of China and the Chinese people.

http://www.news.cn/english/2021-12/05/c_1310352606.htm

Re: India lifted 415M out of poverty in 15 years, says UN

#268

Post by kupopuffs »

speakspokespok wrote: post #246

A roommate in college was from a small rural village in Vietnam and a first gen college student. It took his entire extended family to pay the cost of tuition (international student rates). At the age of 18 he was putting in 60 -70 hours a week to his studies, as the responsibility he felt to his family to earn that sacrifice was overwhelming and less than an a perfect score visibly upset him. Not knowing any better…

Sheesh!!

Re: India lifted 415M out of poverty in 15 years, says UN

#269

Post by rippercushions »

onlyrealcuzzo wrote: post #111
Aunche wrote: post #64

Earlier quoted context omitted.

> They also have 300% debt to GDP compared to 84% for India. You're comparing the total debt of China with the national debt of India.

India doesn't have "private" corporations which are just an extension of the state. All the mega banks in China are indistinguishable from the state - you're looking at 100% of debt to GDP on their balance sheets alone.

It actually does: Indian Railways, Coal India, Air India (until very recently), State Bank of India, Bharat Petroleum, BSNL, the list goes on and on.

Re: India lifted 415M out of poverty in 15 years, says UN

#270

Post by umeshunni »

joenot443 wrote: post #197
umeshunni wrote: post #163

Earlier quoted context omitted.

> I had a friend tell me the other day that I couldn't be anti-racist if I wasn't anti-capitalist, because capitalism is by inherently racist. I think you need to get more educated friends.

FWIW, she has a Masters in French Lit from one of our relatively well-respected schools, but obviously I completely disagree with her on most political topics. These kinds of stances are more common than you'd think in Canadian academic circles.

> Masters in French Lit

Like I said, get educated friends, not friends who think reading some poetry is education. This isn't England in the middle ages where that would have been considered an education.

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