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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

#391

Post by parnolverizer »

nicbou wrote: post #363
rishav_sharan wrote: post #352

While my country has made tremendous progress, I wonder how precise these numbers are. India's poverty line doesn't gets redrawn every year to account for the inflation and increased cost of living. The current definition of the poverty line is daily earnings 27 rs for rural areas and 33 for urban, which is a ludicrously low number. Even beggars earn more than that. Of course we will have very low poverty if we use s…

To put things in perspective, I have 40 Rs in my wallet now, and I can't buy anything with it. It's less than a dollar, and it feels like less than a dollar. Edit: to put things in perspective, I'm a tourist

Bro . what are you talking about . I live in BTM, Bangalore and I can get a nice masala dosa for 30rs where I live . or I can get 8 idlies . enough to last me the whole day if I really needed it to . 40rs can get you a lot if you know where to look .

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

#392

Post by petesergeant »

highwaylights wrote: post #257
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.

For anyone that doesn’t know (although admittedly not particularly relevant, but topical) Narayana Murthy is the FIL of the now-current UK Prime Minister, Rishi Sunak.

Imagine marrying into a self-made billionaire Asian family, and feeling overshadowed by your father-in-law. Literally the only way you're getting out from under that is becoming leader of a major country.

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

#393

Post by minusSeven »

spaceman_2020 wrote: post #3

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.

Thing is it hasn't moved as much as you think. People have moved from poverty to lower middle class not actually middle class. If consider middle class as between 20k to 40k a month and lower middle class at 10k to 20k a month and below 10k as poor then most poor people have only moved to lower middle class only.

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

#395

Post by spaceman_2020 »

femto wrote: post #327
spaceman_2020 wrote: post #200

Earlier quoted context omitted.

Agree completely. We’ve tapped out our services potential. We now need large scale manufacturing. Income inequality and unemployment are very real problems, and its only getting worse. Only manufacturing can create those kind of jobs at scale.

> We’ve tapped out our services potential. We now need large scale manufacturing. Most "first world" economies are dominated by services, so I would be surprised if India has topped out in services. Do more of the high-level stuff, like design and independent, research and development. "Grunt" work, like churning out code generates, a certain level of wealth. The high-level stuff generates even more. As a crude measu…

Most first world economies don't have 1.4B people.

By the government's own admission, 800M people are still being given free food because they can't afford it on their own. That's more than the population of western Europe and USA combined.

Services simply don't employ people in large enough numbers. It's not rocket science - basic maths.

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

#397

Post by ausudhz »

jojobas wrote: post #330
ClumsyPilot wrote: post #133

Earlier quoted context omitted.

Why does globalisation automatically deserve credit for progress in two major economies with the most government planning? Have evaluated alternative hypotheses? Maybe Education or Scientific Literacy or something else deserves this credit.

Because they essentially exported their poverty to the first world.

or probably the first world was stealing their assets (natural resources) while exporting disgrace (weapons, drugs)?

You should read a bit more so you'd know for example what the opium wars have done to China and what the colonialism has done to India (both perpetrated by the same first world country)

Historically India and China were always the wealthiest (up to the second industrial revolution) regions out there (as in the concept of India and China as we know now are post world war II)

What we are actually seeing today is a rebalancing of wealth that is pretty much needed so that in the US a person would need to have just 1 vacation instead of 3, while in India someone can put some food in their table and allow their kids to go to college.

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

#398

Post by mytailorisrich »

naravara wrote: post #328
mytailorisrich wrote: post #262

Earlier quoted context omitted.

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.

India has also hit replacement or below replacement level population in most of the country and it was done without invasively draconian policy setting. Just female literacy and access to healthcare.

India's population is still growing and in pretty bad conditions. In Africa population is still booming.

China would have hundreds of millions more people, with consequences for all of us, if it had not done what it did.

Very little efforts are made globally to control population, which makes things like COP27 rather moot.

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

#399

Post by npinterview »

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.

India is 1/5 of the world and IT is the very best way up for millions of Indians.

The talent pool is generally over represented by Indians. I have been rejected a few times by HR (western) for not being a cultural fit.

Indian managers do not generally have the same problem, network can be a better explanation.

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

#400

Post by ausudhz »

dQw4w9WgXcQ wrote: post #261
endisneigh wrote: post #43

Earlier quoted context omitted.

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?

The century of humiliation probably is the reason why.

To use the same analogy is like someone hacked their system and placed a bug in production.

https://en.m.wikipedia.org/wiki/Century_of_humiliation

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