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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

#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.

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

#7
post #5

[flagged]

Didn't China ( https://www.worldbank.org/en/news/press-release/2022/04/01/l... ) and the USSR ( https://borgenproject.org/tag/poverty-in-the-former-soviet-u... ) do similarly?

Your second link refers to poverty being reduced after the fall of communism, when former Soviet states instituted capitalist reforms.

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

#8
post #5

[flagged]

Didn't China ( https://www.worldbank.org/en/news/press-release/2022/04/01/l... ) and the USSR ( https://borgenproject.org/tag/poverty-in-the-former-soviet-u... ) do similarly?

The millions dead in the Holodomor and the Great Leap forward certainly don't have any need for money anymore.

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

#9
post #7

Earlier quoted context omitted.

Didn't China ( https://www.worldbank.org/en/news/press-release/2022/04/01/l... ) and the USSR ( https://borgenproject.org/tag/poverty-in-the-former-soviet-u... ) do similarly?

Your second link refers to poverty being reduced after the fall of communism, when former Soviet states instituted capitalist reforms.

There was a massive drop in living standards in the former Soviet Union after the introduction of capitalism in the 90es. Average life expectancy dropped something like 10 years, corresponding to millions of dead.

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

#10
post #5

[flagged]

Didn't China ( https://www.worldbank.org/en/news/press-release/2022/04/01/l... ) and the USSR ( https://borgenproject.org/tag/poverty-in-the-former-soviet-u... ) do similarly?

Both of those articles demonstrate that the improvement happened after those countries allowed market economies.
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