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

[Dr. Sen]

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?

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

 

[Chanakya's_Chant]

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!

 

[kbd-raaf]

Seems like a whole lot of bullshit. Been to both countries and have seen how the average person lives. China is worlds apart.

 

[jaatram]

I don't believe this piece of news, @RiazHaq can you please do the honors to provide us with the truth?

 

[farhan_9909]

How many millions in Pakistan?

 

[graphican]

Pakistan got its poverty reduced by 86%.
Down from 35.1 millions to 4.9 millions!

Correction to Indian calculations, India stands at 73.9%, not 75 as per newspaper reported. Indian media is f*ing pile of $hit!

 

[45'22']

Seems like a whole lot of bullshit. Been to both countries and have seen how the average person lives. China is worlds apart.

We aren't talking about average person here..
in terms of poverty..in a particular bracket say less than 1.25$ a day ....we may have the same population....
But less than 1.25$ is not good enough I think

 

[Echo_419]

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

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

BS China is world's apart from India

 

[Chanakya's_Chant]

Pakistan got its poverty reduced by 86%.
Down from 35.1 millions to 4.9 millions!

Correction to Indian calculations, India stands at 73.9%, not 75 as per newspaper reported. Indian media is f*ing pile of $hit!

You lack basic skills to troll as evident from your desperation to skip the article itself. Next time try harder before embarrassing yourself!

​

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

​

The info-graphic posted above in the original post has been taken from @RiazHaq Blog - as usual a f*ing pile of $hit that none deny!​

 

[Dr. Sen]

BS China is world's apart from India

Yes this is what I am thinking, but whats with the Wrld Bank all of a sudden?

You lack basics to troll as evident from your desperation to skip the article itself. Next time try harder before embarrassing yourself!

​

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

​

The info-graphic posted above in the original post has been taken from @RiazHaq Blog - as usual a f*ing pile of $hit that none deny!​

Yes I had taken the grafics from his post because I was surprised by the numbers. Wanted some clarifications.

But still the numbers you postd. Are these true?

 

[Echo_419]

Yes this is what I am thinking, but whats with the Wrld Bank all of a sudden?



Yes I had taken the grafics from his post because I was surprised by the numbers. Wanted some clarifications.

But still the numbers you postd. Are these true?

Perhaps they are high right now

 

[Dr. Sen]

Perhaps they are high right now

Could you please explain? High as in the graphics is from 2011 thus higher than current numbers or these numbers are too good to be true?

 

[Skull and Bones]

World bank adopted Vedic Maths too? @Luca1

 

[Chanakya's_Chant]

Yes this is what I am thinking, but whats with the Wrld Bank all of a sudden?



Yes I had taken the grafics from his post because I was surprised by the numbers. Wanted some clarifications.

But still the numbers you postd. Are these true?

They have always been using the PPP methodology - some modifications this time in adjusting PPP prices - though they still use the 2005 prices in their databases - Population below $1.25 a day is the percentage of the population living on less than $1.25 a day at 2005 international prices. They should update soon.

Poverty headcount ratio at $1.25 a day (PPP) (% of population) | Data | Table

 

[Optimos Prime IA]

Seems like a whole lot of bullshit. Been to both countries and have seen how the average person lives. China is worlds apart.

Can you shed some light on how normal citizens will in India and China

You seems to know lots more than IMF as they never traveled to China and India