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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

#461

Post by spaceman_2020 »

mayama wrote: post #347
bergenty wrote: post #97

Earlier quoted context omitted.

I think the difference is India is a major startup hub that mostly caters to the local market so the effort to shift to more resilient income streams not completely dependent on the global market are underway, something Brazil did not do.

And recent focus on manufacturing. New govt is heavily pushing local manufacturing(atmanirbhar bharat) for last 8 years. Progress is already being felt in some areas, for example in smartphone manufacturing India went from nothing to #2 in world in those years. They are now targeting more phone phone supply chains like pcb, modems etc. and other consumer electronics too. https://tech.hindustantimes.com/tech/news/indi…

To be fair, despite all these efforts, the manufacturing sector has consistently underperformed the rest of the economy. The share of manufacturing as a % of GDP has been trending down for quite a while. Outside of the headline grabbing numbers (such as the iPhone factory), the reality is different.

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

#462

Post by ausudhz »

jojobas wrote: post #411
ausudhz wrote: post #397

Earlier quoted context omitted.

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 (a…

Sure, let's justify a modern disaster by a past one. First world's wealth of the 20th century had nothing to do with India's or China's misfortunes of yesteryear, European/US de-industrialization and poverty is 100% globalization-inflicted.

So was the right thing to engage in wars in Asia and colonize 2/3 of the world?

You've no idea of what these actions have done long term for the countries. Those things are pretty relevant since India form example gained his independence around 70 years ago, not 4 century

And clearly you never read any history book

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

#463

Post by thorin »

acchow wrote: post #164
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.

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.

I work for one of these services companies in the UK. They put huge investment in having their own training centres and universities and most of the recruits have already attended at least on university. You have to realise that the business is about selling time, not producing working or quality software. The more people you can bill, and the more skills on your CV the better. Once a large enterprise has pushed all their business into outsourcing, they can only go with it and try to make the best of it. Most businesses seem to have done this now, justifying some massive bonuses for their board staff and shareholder gains, due to the perceived "cost savings" going through a professional services business.

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

#465

Post by alenrozac »

sidjor wrote: post #464

And then there is the hard part of moving up the GDP per capita. What do you think it would take to go from India current level of $2,277 to China level of $12,556 to a Singapore level of $72,794 (US is $69,287)?

I guess to China's 12k having a communist party, and to Singapore's 73k not a having communist party?

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

#466

Post by hutzlibu »

deepzn wrote: post #233
FooBarWidget wrote: post #203

Earlier quoted context omitted.

When I see Indian developers, I have in my mind that they're similar to Chinese: the whole village bands together and gather resources to give that one kid a university education and a good job, so that that one kid returns to the village many years later to help people out of poverty.

not villages necessarily, families look out for each other, everyone's own kin.

In many places, that is allmost the same thing, meaning the village is all extended family.

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

#467

Post by 34675904565 »

Zircom wrote: post #318
dkokelley wrote: post #283

Earlier 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?

Right now India is in a transition period and wages for these kinds of jobs are keeping pace with gains in productivity and that's how you're seeing so many lifting themselves are their families out of poverty. However, if history is anything to go by that will stop pretty soon as the hyper upper class solidifies their hold on wealth, appreciating assets, and means of production, and will start to keep larger and lar…

America is not a "free market" capitalist country. I would say it's of the lack of a free market that enabled the wealthiest to capture that wealth that would otherwise have been more evenly distributed. There is an enormous amount of regulation in the US (and other countries) designed to make it nearly impossible to compete with the established actors in the market.

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

#468

Post by unix_root_root »

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

Bruh, you can visit any temple and get free food/water and you can still save 40Rs. ( To put things in perspective, I'm a resident who often visit temple for free food. No offence)

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

#469

Post by agileAlligator »

safog wrote: post #358
retinaros wrote: post #266

Earlier quoted context omitted.

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

Unlikely because there's basically no NIMBY-ism in India. Any developer can just acquire land, some air rights and plop up apartment complexes. And unlike in the US, apartments in India are designed for family life and aren't just for young / unmarried folks.

Maybe not NIMBYism, but loads and loads of red tape for land acquisition. Especially since all of the land that is not explicitly for non agricultural use is agricultural, and converting it to non agricultural is a whole process usually involving bribes to 20 different officials. See this blog[1] that was posted to HN a while ago[2]

[1]: https://superr.in/economy/i-tried-starting-a-manufacturing-u...

[2]: https://news.ycombinator.com/item?id=24106545

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

#470

Post by thorin »

jialutu wrote: post #165
ClumsyPilot wrote: post #150

Earlier quoted context omitted.

Uk has 4.1 million children in poverty, or 30%. It now more food banks than macdonalds. Poorer counties often have large families, government programs for food distribution and many people growing their own food. You might have empty bank account but you will have something to eat and some roof over your head, even if you are crashing at family place or it's illegal construction on a land thats not technically yours.…

> Uk .... now more food banks than macdonalds. Holy cow! I just checked this fact and it's true! https://fullfact.org/electionlive/2019/dec/9/food-banks-more... That said, it shouldn't be a suprise since there are food bank donations everywhere these days. Truly depressing.

This is sad, but basically every supermarket and corner shop has something like a foodbank by the door and I guess it would be included in these stats so not surprising. Also people with housing can survive in way colder conditions than they might think. It's a shame that all the wealth has been hoovered up from them by the upper classes and big businesses. Every time I see something about cost of living in the UK I think about whenever I want to do anything: theme park, attractions, hotels, restaurants everything is packed with people spending obscene amounts of money, loads of new cars around etc. It's truly a 2 tier system now and I guess in the US also?
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