World Banks new calculation decreases India's poverty by 75%

[AnnoyingOrange]

I have been yelling on top of my voice.. that a 1 Dollar per person per day here in India goes a long way.

Per Day Per person: 1.25$= INR 75
Per Family Per Day(4 Members): 5$= INR300
Per Family per month: 4 person X Currency Conversion@ INR60 = INR 9000

This is a good enough amount for any Indian family to live in a b class city/town.

 

[HariPrasad]

I'll donate that 50 renminbi cents to poor Indians. 50 cents in Renminbi can feed 10,000 Indians for 1 month.

From Where did you get these great figures? From the concentration camp, ohhhhhh sorry reeducation camp of PLA/

 

[Beidou2020]

From Where did you get these great figures? From the concentration camp, ohhhhhh sorry reeducation camp of PLA/

Facts mate, facts!

 

[HariPrasad]

I have been yelling on top of my voice.. that a 1 Dollar per person per day here in India goes a long way.

Per Day Per person: 1.25$= INR 75
Per Family Per Day(4 Members): 5$= INR300
Per Family per month: 4 person X Currency Conversion@ INR60 = INR 9000

This is a good enough amount for any Indian family to live in a b class city/town.

1.25 USD in PPP not at a nominal rate.

Facts mate, facts!

I never said that it is not fact. This is taught by CPC so it is a fact for you but not for the others.

 

[MandarK]

20,000 Indians are jumping for joy knowing they won't starve to death because of my generosity.

Oh my chinese lord...just keep earning 50 cents from every post and donate it to us

 

[Beidou2020]

Oh my chinese lord...just keep earning 50 cents from every post and donate it to us

It will boost the Indian GDP, so that way you won't need Vedic math to have higher 'growth' than China.

 

[MandarK]

It will boost the Indian GDP, so that way you won't need Vedic math to have higher 'growth' than China.

Ohh please stop posting this much or at this speed you will become a billionaire

 

[Beidou2020]

Ohh please stop posting this much or at this speed you will become a billionaire

More aid money to India from me. You should encourage me.

 

[MandarK]

More aid money to India from me. You should encourage me.

You want to become bill gates or what?

 

[Beidou2020]

You want to become bill gates or what?

I want to help poor Indian kids. Nothing wrong with that.

 

[HariPrasad]

I am not an economist so I do not understand this. Now all of a sudden World Bank says we have similar poverty as China?

View attachment 220047

View attachment 220061

India's poor may shrink 75% by new World Bank formula | Business Standard News

Will poverty figures drop after World Bank’s revision of PPP? - The Hindu

We need a little effort to go to second place and fulfill the chinese wish to become No 1 in all area. If we can lift another 3 million from bellow poverty, We can make china No 1 in this area .

 

[Echo_419]

India's Silent Poverty Reduction Miracle | RealClearPolitics

I know that but in overall terms China beats us

 

[Luca1]

World bank adopted Vedic Maths too? @Luca1

It look like many Indians are proud of poverty reduction by mathematics. Some gov official should tell them that It's time for cut more social services as these poor people is not really poor. I thought this article is a troll bait. And it is, for Indian members to troll India with the help of world bank.

 

[Guynextdoor2]

Purchasing Power Parity methodology makes sense - not to forget the cost of living in India is significantly lower than other developing and developed economies.

Damn even the "Cost of a date" was even calculated apart from other 16 parameters!

Where’s the Cheapest Place to Buy…? Probably India - The Real Cost of Living Explained!

Yeah but this seems way off. We really are a poor country, a lot of things left to do.

It look like many Indians are proud of poverty reduction by mathematics. Some gov official should tell them that It's time for cut more social services as these poor people is not really poor. I thought this article is a troll bait. And it is, for Indian members to troll India with the help of world bank.

Robin Lawley is fat and ugly

 

[magudi]

Yeah but this seems way off. We really are a poor country, a lot of things left to do.

We can't do much really other than create opportunities