ISRO: A lesson for Pakistan.

[EzioAltaïr]

If someone earns below $1.25 a day, that is the international guideline for poverty. India has made up her own, saying who ever earns more than rs. 36 a day is middle class.
.

Nonsense. We don't classify anyone like that as middle class. We classify them as APL, and even they have their own schemes such as ration cards and such, that gives them prices lower than a true middle class, but not as low as a BPL. The 300 million middle class we brag about are the people who live adequately good lives, without any Government help, and can afford a few luxuries. In this we also have 40 million higher middle class, who can afford more luxuries than others.

 

[Hyperion]

It's just a matter of funding. Have enough pays @ SUPRCO, give us the equipment we need, sit back, smoke a joint and it will be done, no questions about it!

Having been to india - and seen the condition of the vast majority of it's people - the claims of this and that fade into insignificance when you see young children in india sleeping on the footpath.

Yara, what has that got to do with scientific progress?

 

[Icewolf]

Bingo,how much is that in Indian and Pakistani rupees.

Whoever earns more than 65 cents in India is considered middle class

Nonsense. We don't classify anyone like that as middle class. We classify them as APL, and even they have their own schemes such as ration cards and such, that gives them prices lower than a true middle class, but not as low as a BPL. The 300 million middle class we brag about are the people who live adequately good lives, without any Government help, and can afford a few luxuries. In this we also have 40 million higher middle class, who can afford more luxuries than others.

Govt of India says anyone who earns more than rs. 36 in cities is middle class

 

[EzioAltaïr]

Whoever earns more than 65 cents in India is considered middle class

BS. Care to back up your claims with a credible source?

 

[Icewolf]

BS. Care to back up your claims with a credible source?

"A rural Indian making Rs. 22.50 a day would not be considered poor by a Planning Commission whose Deputy Chairman's foreign trips between May and October last year cost a daily average of Rs. 2.02 lakh"

 

[EzioAltaïr]

"A rural Indian making Rs. 22.50 a day would not be considered poor by a Planning Commission whose Deputy Chairman's foreign trips between May and October last year cost a daily average of Rs. 2.02 lakh"

That just says the poverty line is Rs 22.5 (which it isn't by the way. The PL has been raised after the recent inflation, it's closer to 30). We don't consider an APL guy to be middle class. Just Above the PL people also have their own system of rations, and subsidies. Our 300 million middle class are middle class by international standards.

 

[INDIC]

--deleted--

 

[Icewolf]

That just says the poverty line is Rs 22.5 (which it isn't by the way. The PL has been raised after the recent inflation, it's closer to 30). We don't consider an APL guy to be middle class. Just Above the PL people also have their own system of rations, and subsidies. Our 300 million middle class are middle class by international standards.

BS. Care to back up your claims with facts?

Compared to China, India has more of its middle class precariously perched just above the poor, a spot from where it is very easy to tumble back into poverty.

India’s middle class—defined as those able to spend between $2 to $20 a day in 2005 purchasing power parity dollars—has expanded to about 420 million, according to an Asian Development Bank report on Asia’s middle class out Thursday.

But almost 60% of them live on between $2 and $4 a day. That’s about 20 to 40 rupees a day in nominal terms (using an exchange rate of 15.66 rupees to one purchasing power parity dollar) or between $300 to $600 in parity terms (4,700 rupees to 9,400 rupees) a month for a family of five.

“Making the middle class stay middle class is very important. In India the majority of the people are still in the lower middle class,” the Asian Development Bank’s chief economist Jong-Wha Lee said as the findings of the report that looked at changes in the Indian middle class between 1993 and 2004 were released in Delhi. “These groups are very vulnerable. If they lose their job or if there are major shocks they will go back to poverty.”

The people in the vulnerable lower middle class category number about 244 million. India also has approximately 26 million affluent people, those who can spend more than $20 a day.

Figuring out how big the middle class is, is a tricky business. The ADB report notes that by using spending between $2 and $13 a day as the gauge, the World Bank’s Martin Ravallion puts India’s middle class at 264 million and China’s at around 800 million.

Continue reading on India Real Time.


OWNED!!!!

 

[Hyperion]

Oh my god.... Whats wrong with everyone..... The thread is about science..... Why is every one behaving as economists and gauging poverty levels in the subcontinent..... If you have no interest in pslv/gslv and it's history, why not do the honorable thing and just stay away.

This goes both ways.

 

[EzioAltaïr]

BS. Care to back up your claims with facts?

Compared to China, India has more of its middle class precariously perched just above the poor, a spot from where it is very easy to tumble back into poverty.

India’s middle class—defined as those able to spend between $2 to $20 a day in 2005 purchasing power parity dollars—has expanded to about 420 million, according to an Asian Development Bank report on Asia’s middle class out Thursday.

But almost 60% of them live on between $2 and $4 a day. That’s about 20 to 40 rupees a day in nominal terms (using an exchange rate of 15.66 rupees to one purchasing power parity dollar) or between $300 to $600 in parity terms (4,700 rupees to 9,400 rupees) a month for a family of five.

“Making the middle class stay middle class is very important. In India the majority of the people are still in the lower middle class,” the Asian Development Bank’s chief economist Jong-Wha Lee said as the findings of the report that looked at changes in the Indian middle class between 1993 and 2004 were released in Delhi. “These groups are very vulnerable. If they lose their job or if there are major shocks they will go back to poverty.”

The people in the vulnerable lower middle class category number about 244 million. India also has approximately 26 million affluent people, those who can spend more than $20 a day.

Figuring out how big the middle class is, is a tricky business. The ADB report notes that by using spending between $2 and $13 a day as the gauge, the World Bank’s Martin Ravallion puts India’s middle class at 264 million and China’s at around 800 million.

Continue reading on India Real Time.


OWNED!!!!

Uh yeah? I got owned because India has 264 million middle class, which is by the way terribly close to the figure put, of 300 million? Wow man, really, wow. I always said we have 300 million by international standards.

 

[Icewolf]

Uh yeah? I got owned because India has 264 million middle class, which is by the way terribly close to the figure put, of 300 million? Wow man, really, wow. I always said we have 300 million by international standards.

But most of your middle class is close to poverty, earning more than rs.36 a day

 

[EzioAltaïr]

But most of your middle class is close to poverty, earning more than rs.36 a day

*Sigh*

Read the source you provided. Without considering the people who earn between 2$ and 20$ a day, they have reached the figure of 264 million. Then there is 200 million who earn just above 2$ (I do not count them as our middle class in our argument, even though the cost of living in India is much lower, and these people get subsidies too, meaning that they can live as well as a middle class guy, let's consider 'em lower middle class).

So your argument that the Indian middle class mostly consists of poor people, is useless. If earning more than 20$ a day per person is not enough, then there's no one who's not poor.

 

[karan.1970]

If someone earns below $1.25 a day, that is the international guideline for poverty. India has made up her own, saying who ever earns more than rs. 36 a day is middle class.



I'm not talking about the past. I'm talking about now. India is only 10 places ahead of us in HDI even though we are in a war. It's surely nothing to brag about, and it's like the pot calling the kettle black.

Shuru kisne kiya tha

 

[Icewolf]

*Sigh*

Read the source you provided. Without considering the people who earn between 2$ and 20$ a day, they have reached the figure of 264 million. Then there is 200 million who earn just above 2$ (I do not count them as our middle class in our argument, even though the cost of living in India is much lower, and these people get subsidies too, meaning that they can live as well as a middle class guy, let's consider 'em lower middle class).

So your argument that the Indian middle class mostly consists of poor people, is useless. If earning more than 20$ a day per person is not enough, then there's no one who's not poor.

Most of Indian middle class doesn't earn more than $1.25 a day. Thats my arguement. The article says there are some Indians in middle class who earn more that $20 a day, but most earn in the range of 30-50 rs

 

[Dushmann]

It only exists only in imagination. Here's the real data from 2012 Save the Children survey:

Save the Children’s survey results showed that: in India, one of the world’s biggest boom economies and where half of all children are stunted, more than a quarter of parents surveyed said their children went without food sometimes or often

Children these days. khaane peeney ke bahot nakhre karte hai.