India superpower by the next -2 years.
Indian government institutions like the police are too corrupt.
India lifted 415M out of poverty in 15 years, says UN
301–310 of 544 posts
Re: India lifted 415M out of poverty in 15 years, says UN
#302Earlier quoted context omitted.
Discussions about poverty is usually confused by the two competing definitions: - Absolute Poverty: If you have less than $X/day, you are poor. This measures living standards. - Relative Poverty: If you're in the bottom x%, you are poor. This measures status. Without knowing anything, it sounds like this measurement is more on the Relative Poverty side.
This is an incorrect definition of relative poverty as on that basis then number of people in poverty will never change - no one interested in serious analysis would use such a definition as it is not useful.
I agree with your critique, but you still see it being used a lot. There is plenty of unserious analysis around...
The better version is people living under x% of the average living standard.
Re: India lifted 415M out of poverty in 15 years, says UN
#303Earlier quoted context omitted.
Discussions about poverty is usually confused by the two competing definitions: - Absolute Poverty: If you have less than $X/day, you are poor. This measures living standards. - Relative Poverty: If you're in the bottom x%, you are poor. This measures status. Without knowing anything, it sounds like this measurement is more on the Relative Poverty side.
I don't understand how relative poverty can improve.
It would just be a tighter distribution of income.
Re: India lifted 415M out of poverty in 15 years, says UN
#304Why does the US need to stick to a 2% inflation rate? India's has exceeded 5% for decades ( https://www.worlddata.info/asia/india/inflation-rates.php#:~... .). Indian stock market shows no signs of recession. If you held since 1990 (or inception) (data from tv https://www.tradingview.com/x/rGnAJxlH/ ) : Ethereum +9110% India NIFTY50 +6059% Bitcoin +5566% Nasdaq100 +4705% Shanghai SSE Composite +2307% NIFTY100 +1709%…
> Why does the US need to stick to a 2% inflation rate? Because high inflation means the money in your bank account becomes worthless at an exponential pace.
2% inflation and 10% inflation are both exponential. It’s a matter of degree, not of kind.
Re: India lifted 415M out of poverty in 15 years, says UN
#305Earlier quoted context omitted.
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
Yes, that’s what Xi says in my link as well, but most westerners do not consider single party democracy to be legitimate.
Re: India lifted 415M out of poverty in 15 years, says UN
#306Earlier quoted context omitted.
This is an incorrect definition of relative poverty as on that basis then number of people in poverty will never change - no one interested in serious analysis would use such a definition as it is not useful.
I agree with your critique, but you still see it being used a lot. There is plenty of unserious analysis around... The better version is people living under x% of the average living standard.
I have not seen such a definition in the wild myself.
Re: India lifted 415M out of poverty in 15 years, says UN
#307Earlier quoted context omitted.
Be careful with that, I saw the same happening in Brazil between 2002-2012 just to start unraveling quickly after that. Our economies and societies are still pretty fragile, any political shock can start a downwards spiral. Stay vigilant.
If the commodities boom is any indicator, Brazil should be hitting a purple patch soon enough.
What's a purple patch?
Re: India lifted 415M out of poverty in 15 years, says UN
#308Earlier quoted context omitted.
I'm not sure of your point, but I think I disagree. The previous comment was about going from poverty to middle class. Why won't this be possible in the future?
If India follows the west then it won't be possible for 2 people with education to lift a family out of poverty to middle class. In my country you basically require 2 full-time wages to be able to support a 3 person family. You wouldn't be able to buy an apartment and car for your family. I think that is the point they were making.
That's because of idiotic zoning laws that make it nearly impossible to build multi family properties, high density residential, limit the height of skyscrapers and basically forced the entire nation to be a damn suburban hell hole, not because of a land shortage. India hopefully won't make the same idiotic mistakes the NIMBY soccer mom boomers did.
Re: India lifted 415M out of poverty in 15 years, says UN
#309Go India!
Re: India lifted 415M out of poverty in 15 years, says UN
#310Earlier quoted context omitted.
What is fil?
Father-in-law. Like BIL for Brother-in-law. Apropos, I've always wondered where the terms gf and bf, for girlfriend and boyfriend, came from, i.e. the West, or India. Wonder, because many such short forms come from or are unique to Indian English.
gf and bf widely used in the west