331–340 of 544 posts
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.
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.
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…
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You seem to be close to the situation. Do you think Indian Walmart is a future inevitability?
Some cities have “Big Bazaar” which is similar to a Walmart (smaller though, the Indian market doesn’t have the variety of brands and products other countries do). There certainly are a lot of other similar stores. A more American thing that isn't readily available is like a Costco, bulk shopping would be pretty tough there, and people are fine to go out on a more regular basis to pick up fresh milk/veggies. No Ameri…
I'm impressed how much Aliexpress currently does this: consolidates purchases from different sellers, ship 3rd party to Canada, and then use local postal service for last mile delivery.
Ebay could learn a lot from them.
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A big reason why Gurgaon real estate is more expensive than Bangalore despite having way more land and poorer jobs is government corruption. All those bribes and backroom deals get siphoned off to buy apartments and land. These buyers can hold forever because their cost basis is practically 0. I’m actively hunting for an apartment in NCR and get painfully reminded of how poor I actually am.
There was a time when we were living in Delhi and we used to drive down to Jaipur, where our extended family was. We kids looked forward to the drive, as it meant nice stopovers, snacks, etc. After leaving Delhi we would , after an hour or so, make our first stopover in a little village called .... Gurgaon! There we would have chai, samosas, etc. In those days Gurgaon was separated from Delhi and a sleepy little vill…
(Though I suppose an urban software developer is a good credit risk)
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.
Is TCS/Infosys/etc taking a risk on hiring untrained/undertrained employees and putting in the effort to train them? Or did they get training through a college/university? If the latter, I’d say education is helping pull these people out of poverty.
Is the school paying them? Its rich Western countries bringing India out of poverty.
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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.
Interested in comments from anyone who lives in India or has experience/familiarity with it as to whether reality on the ground matches the rosy picture painted in the article.
I can give me 2 cents (or paisa hah), apologies if it gets a little sentimental, I am drunk. Looks like I've ascended on the Maslow's hierarchy of needs. Grew up in a poor family with my dad as the sole earner taking care of my mother and 3 kids. Mum used to do minor clothes repair work for neighbours for some extra money, but it wasn't much. One of my first memories is waddling along to the ration shop (cheap subsid…
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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…
Trickle down
So they lifted almost twice my home country's population out of poverty in 15 years? That's impressive. Also, how did India got to have so many people?
> Also, how did India get to have so many people? Extremely high fertility rates.
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.