About 70 percent of India is poor: Top adviser

[Hello_10]

The % of 50 or 60 or whatever % is just a wild guess with nothing to substantiate, isn't it Hello+10? I do agree there has to be a cut off standard for the sake of measurement, and from there to devise government planning on a macro perspective.

Also one thing that is highlighted in the OP's article is the dire lack of basic facilities. This plight adds difficulties to the poor but they are not quantified or they are in existence but not quantifiable as factors in calculation of the poverty measurements

Sir, I believe, until Im on PDF, I would be known for contributing valuable information with other PDF members, making my presence here a worth. the time I spend here always make me responsible to keep teaching few things to other members as I find most of them in early 20s, as per the voting we saw one day. most of our members are in gradutes/ or hardly masters studies with many in schooling also.

there used to be a time in mid 2006 when I used to talk to few senior member of PDF like Jana madam, NEO, Asim etc and they were very impressed with my knowledge in economic field, but i got very busy after just few months so I couldnt come here for next few years. it was the time when World Bank and IMF changed their way of measuring GDP on PPP so now we find GDP on PPP data's in terms of 'documented' information only. please have a look as below, the difference of GDP on PPP with old and new methods for India. old methods used to consider 'undocumented' part of GDP on PPP also, with estimate only, to measure GDP on PPP. it used to make little effect on developed economies but the margins for developing economies were found very high, in range of 50% to 80%. the GDP on PPP measured for India in 2005 by old method was around 65% higher than the current new method we use to measure GDP on PPP which consider 'accurate' data only, while I considered only 60% increase in my post you are talking about . please check it as below:

Interestingly, while acknowledging that a better indicator of the relative size of economies is their measure by the purchasing power parity (PPP) method — which calculates conversion rates for currencies based on how much a unit of each of them can buy in the local economy — the survey was ambivalent about the latest estimates made by the World Bank using this method.

“There are, however, practical difficulties in deriving GDP at PPP, and we now have two different estimates of the PPP conversion factor for 2005. India’s GDP at PPP is estimated at $ 5.16 trillion or $ 3.19 trillion depending on whether the old or new conversion factor is used,” it said.

While the World Bank itself has moved to the new estimates, it is understandable that India is not too keen on embracing them.

India Now a Trillion-Dollar Economy | Impact Lab

"There are, however, practical difficulties in deriving GDP at PPP, and we now have two different estimates of the PPP conversion factor for 2005. India's GDP at PPP is estimated at $ 5.16 trillion or $ 3.19 trillion depending on whether the old or new conversion factor is used," it said.

http://articles.timesofindia.indiat...llion-dollar-economy-india-s-gdp-power-parity

 

[shuttler]

Sir, I believe, until Im on PDF, I would be known for contributing valuable information with other PDF members, making my presence here a worth. the time I spent here always make me responsible to keep teaching few things to other members as I find most of them in early 20s, as per the voting we saw one day. most of our members are in gradutes/ or hardly masters studies with many in schooling also.

there used to be a time in mid 2006 when I used to talk to few senior member of PDF like Jana madam, NEO, Asim etc and they were very impressed with my knowledge in economic field, but i got very busy after just few months so I couldnt come here for next few years. it was the time when World Bank and IMF changed their way of measuring GDP on PPP so now we find GDP on PPP data's in terms of 'documented' information only. please have a look as below, the difference of GDP on PPP with old and new methods for India. old methods used to consider 'undocumented' part of GDP on PPP also, with estimate only, to measure GDP on PPP. it used to make little effect on developed economies but the margins for developing economies were found very high, in range of 50% to 80%. the GDP on PPP measured for India in 2005 by old method was around 65% higher than the current new method we use to measure GDP on PPP which consider 'accurate' data only, while I consider only 60% difference . please check it as below:

Thanks Hello_10 for your conscientious reply. The discussion with you is a pleasure.

 

[SinoChallenger]

Yes, when u take 2 $ dollar per person as low income it will definetly show that 70 % r poor in india..
Whereas in india, earning 2$=100 INR which is very much sufficient to get two time food and mourning snaks...
So 2 $ figure is wrong and it should be around 1-1.25 $...

In other words, 70% of indians can barely afford food for themselves, nevermind support a family.

 

[Peacefull]

Yes, when u take 2 $ dollar per person as low income it will definetly show that 70 % r poor in india..
Whereas in india, earning 2$=100 INR which is very much sufficient to get two time food and mourning snaks...
So 2 $ figure is wrong and it should be around 1-1.25 $...

1 dollar is 40inr and 1.25 dollar is around 50 inr,

what can one buy with 50inr in india is it enough to support a single person for a day ? last time i heard inflation was around 10 plus percent ?

 

[shuttler]

I would like China to raise the bar, every 5 years!

 

[My-Analogous]

Same Like:

http://www.defence.pk/forums/current-events-social-issues/160078-90-percent-pakistanis-poor.html

Read the bottom line and then comment

 

[My-Analogous]

U call us poor In return We call u poor.

Moral of the thread SUBCONTINENT IS POOR

How unfortunate

Best comment and that what i want to point out but monkey's puts that thing in different way