India, China show great progress in ending poverty: World Bank

[Truth Finder]

WASHINGTON: The number of extremely poor people has sharply declined around the world, but with the exception of India and China, the poor in 2010 were as bad off as they were in 1981, according to a new World Bank report.

While the reduction in poverty has moved significantly over the last three decades in middle-income countries such as China and India, low-income countries showed much slower progress, said the analysis released Thursday, underscoring the difficulty of reaching the goal to end poverty by 2030.

The "average" poor person in a low-income country lived on 78 cents a day in 2010, compared to 74 cents a day in 1981. But in India, the average income of the poor rose to 96 cents in 2010, compared to 84 cents in 1981, while in China, the average poor income rose to 95 cents, compared to 67 cents.

The report found that 721 million fewer people lived in extreme poverty in 2010 - defined as under $1.25 a day - compared to 1981, but it still included roughly 400 million children.

Children accounted for one in three of those living in extreme poverty around the world in 2010, compared with only one in five of those living above the poverty line.

In low-income countries, the percentages were even worse, with half of all children living in extreme poverty.

While extreme poverty rates have declined in all regions, the world's 35 low-income countries - 26 of which are in Africa - registered 100 million more extremely poor people today than three decades ago.

In 2010, 33 percent of the extreme poor lived in low-income countries, compared to 13 percent in 1981.

"The finding that over 400 million children live in extreme poverty and children are more likely to be poor than adults is disturbing, since this can exacerbate child labour and create inter-generational poverty traps," said World Bank Chief Economist and Senior Vice President Kaushik Basu.

"Hence, if we want to make a sustainable dent on global poverty, this is where we need to focus our attention."

Source:-The Economic Times

http://http://economictimes.indiatimes.com/news/economy/indicators/india-china-show-great-progress-in-ending-poverty-world-bank/articleshow/23924147.cms

 

[vivINDIAN]

let the TROLL begin.....

 

[Truth Finder]

LOL at Indians digging up 2011 news to mask their massive inferiority complex from being poorer than Africa.

October,2013 report. Data is not available instantly unlike made up data in China

 

[HariPrasad]

When China reduced people in poverty by 220 million between 1978 and 2004, the world applauded this as the greatest poverty reduction in history. Amartya Sen, Joseph Stiglitz and all other poverty specialists cheered.

India has just reduced its number of poor from 407 million to 269 million, a fall of 138 million in seven years between 2004-05 and 2011-12. This is faster than China’s poverty reduction rate at a comparable stage of development, though for a much shorter period. Are the China-cheerers hailing India for doing even better?

No, many who hailed China are today rubbishing the Indian achievement as meaningless or statistically fudged. This includes the left, many NGOs and some TV anchors. The double standard is startling.

The Tendulkar Committee determined India’s poverty definition. The Tendulkar poverty line in 2011-12 came to Rs 4,000 per rural and Rs 5,000 per urban family of five. Critics say this is ridiculously low. But it is roughly equal to the World Bank’s well-established poverty line of $1.25 per day in Purchasing Power Parity terms (which translates into around 50 cents/day in current dollars). This is used by over 100 countries, by the United Nations and many other international agencies. When the whole world uses this standard, why call it statistical fudge?

When China claimed to have lifted 220 million people out of poverty, guess what its poverty line was? Just $85 per year, or $0.24 per day! Whatever statistical adjustments you make for comparability, it was far lower than today’s Tendulkar line. Did today’s critics of the Tendulkar line castigate China for fudging? No, they sang China’s praises.

The World Bank actually has two lines — $1.25 denoting extreme poverty, and $2 denoting moderate poverty. India can also adopt two lines, the Tendulkar line for extreme poverty and a new Rangarajan line for moderate poverty, at around $2/day.

But this will in no way diminish the great achievement of slashing the number of those historically called poor — we can call them the “extreme poor”— by 138 million in seven years. Allowing for rising population in this period, the number saved from extreme poverty is even higher at 180 million.

Given our rising GDP and expectations, we can rename the Tendulkar line as our extreme poverty line. But to condemn it as statistical fudge is ridiculous. The $1.25 line is a world standard, even if it is below the Arnab Goswami line or Sitaram Yechhury line. Indian critics may not accept it, but the world will.

There is, of course, the separate issue of who should be entitled to various government subsidies, including food subsidies. Economists talk of targeting subsidies at those below the Tendulkar line. But for politicians, the aim of subsidies is to win votes. And clearly you win more votes by extending subsidies to two-thirds of the population, rather than the poorest one-third.

This spread of subsidies to those above the extreme poverty line was once called “leakages to the non-poor.” But it is considered good politics even if it is bad economics. This explains why the government chose to cover 67% of the population in the Food Security Bill, even though the poverty ratio at the time was 30%.

However, critics quickly exposed this as a double standard. They asked, if your Food Security Bill views two-thirds of the people as needy, how could you have a poverty line saying only one third are poor? The government found it difficult to say this was good politics even if it was bad economics. Instead, it appointed the Rangarajan Committee to devise a higher poverty line. This line will almost certainly be around the moderate poverty line ($ 2/day in PPP terms) of the World Bank.

Many critics and TV anchors will cheer at the prospect of freebies to two-thirds of the population. Yet here lie the seeds of fiscal disaster. India is poor because it has spent too much on ill-targeted subsidies, leaving too little for infrastructure and effective education that will raise incomes permanently. Total subsidies (mostly non-merit subsidies) exploded in the 1980s, reaching 14.5 % of GDP, almost as much as all central and state tax revenue. This ended in a fiscal and balance of payments crisis in 1991.

The risk of a new poverty line of $2/day is that it will create political demands for more freebies to twothird of the population. That will further erode limited funds for productive spending.

In theory we can limit subsidies to the poorest and cut out unworthy subsidies. In practice, the combined pressure of vote banks and TV anchors threatens to raise subsidies beyond all prudent limits. There lie the seeds of another 1991-style disaster.

This article appeared in Times of India on July 28, 2013. It is reprinted with permission from the Cato Institute.


India's Silent Poverty Reduction Miracle | RealClearPolitics

 

[Truth Finder]

When China claimed to have lifted 220 million people out of poverty, guess what its poverty line was? Just $85 per year, or $0.24 per day! Whatever statistical adjustments you make for comparability, it was far lower than today’s Tendulkar line. Did today’s critics of the Tendulkar line castigate China for fudging? No, they sang China’s praises.

Source: http://www.defence.pk/forums/centra...-ending-poverty-world-bank.html#ixzz2hNeJasZS

India set it at $1.25(PPP) per day.

 

[Truth Finder]

Number of undernourished people in India down 6.5%: FAO



NEW DELHI: India, the world's second biggest wheat and rice grower, saw the number of people who suffered from chronic hunger drop by 6.5 per cent to 21.38 crore during 2011-13, according to a joint report by UN food agencies.(It's roughly 16% of India's population. I do not know wherefrom some claim it's 50%)


During 2008-10, as many as 22.86 crore people were undernourished in the country, it said.

"Despite the progress made worldwide, marked differences in hunger reduction persist... The vast majority of hungry people live in developing regions." said the report by Food and Agriculture Organization, the International Fund for Agricultural Development and the World Food Programme.

At the global level, some 84.2 crore people in 2011-13 suffered from chronic hunger, not having enough food for an active and healthy life. Their number has fallen by 4 per cent from the 2008-10 level, it said.

Most of the world's undernourished people are still to be found in Southern Asia, closely followed by sub-Saharan Africa and Eastern Asia, the report said.

It underlined that economic growth is key for progress in hunger reduction. "But growth may not lead to more and better jobs and incomes for all, unless policies specifically target the poor.

"In poor countries, hunger and poverty reduction will only be achieved with growth that is not only sustained, but also broadly shared."

The report also stressed that the developing regions as a whole have made significant progress towards reaching the target of halving the proportion of hungry people by 2015.

The report has urged countries in these regions "to make considerable and immediate additional efforts" to meet the millennium development goals.

Rice and wheat production in India stood at 104.40 million tonne and 92.46 million tonne in 2012-13 crop year (July-June).

http://economictimes.indiatimes.com/news/economy/indicators/number-of-undernourished-people-in-india-down-6-5-fao/articleshow/23604040.cms?intenttarget=no

 

[Shinigami]

this bieng a pakistani moderated forum, the india haters are given full permission to insult us without fear of retaliation. so be prepared for the chibots and their cheerleaders

 

[Truth Finder]

this bieng a pakistani moderated forum, the india haters are given full permission to insult us without fear of retaliation. so be prepared for the chibots and their cheerleaders

Facts are the biggest trolls against them.

 

[grey boy 2]

Strange, since Indians bragging how impressive their so-called great progress in ending poverty from World bank however the same World bank saying India has one third of world's poorest, says World Bank - Telegraph
By Dean Nelson, New Delhi

2:06PM BST 18 Apr 2013

Indian men wake up at a night shelter for poor and homeless people in New Delh

India has one third of world's poorest, says World Bank
One in three of the world's poorest people are living in India, the world's second-fastest growing economy, according to a new study by the World Bank.

And the strangest of all, "India still top the world in hunger chart" on a yearly basis, who should we believe eh?

The report on Global Hunger Index for seventh year was released on 11 October 2012 by the International Food Policy Research Institute (IFPRI), Welthungerhilfe, and Concern Worldwide. The basic theme of the report for the 2012 Global Hunger Index -- The Challenge of Hunger: Ensuring Sustainable Food Security under Land, Water, and Energy Stresses.

The report in its findings recorded twenty countries across the world mainly from South Asia and Sub-Saharan Africa to be highly alarming and have highest level of hunger, and showcased the sufferings of millions of poor.

As per the report, the nations that had showcased an absolute progress between 1990 Global Hunger Index to 2012 Global Hunger Index were Bangladesh, Angola, Malawi, Nicaragua, Ethiopia, Niger, and Vietnam. Whereas there are 15 countries that have managed to reduce it by 50 percent or more. As per the report, India instead of its fast paced economic growth in past two decades has lagged behind in improving its record in Global Hunger Index chart. In the list of 79 countries in the global Hunger Index, India was ranked 65th behind China that was placed at 2nd place position, Pakistan at 57th and Sri Lanka at 37th position.

Global Hunger Report 2012: India ranked at 65th position

 

[Truth Finder]

Strange, since Indians bragging how impressive their so-called great progress in ending poverty from World bank however the same World bank saying India has one third of world's poorest, says World Bank - Telegraph
By Dean Nelson, New Delhi

2:06PM BST 18 Apr 2013

India has one third of world's poorest, says World Bank
One in three of the world's poorest people are living in India, the world's second-fastest growing economy, according to a new study by the World Bank.

And the strangest of all, "India still top the world in hunger chart" on a yearly basis, who should we believe eh?




Global Hunger Report 2012: India ranked at 65th position

Counter the data and facts if you can. These are latest data by UN. Don't troll.

 

[Cherokee]

With the Poverty Line of 0.24 $ , 50 Cent Army is getting payed well , hence the hard work

 

[Shinigami]

greyboy 2 got his 50 cents. who is next

 

[grey boy 2]

Lets find out whats cooking regarding the so-called Indian poverty elimination "MIRACLE" then

India's poverty story | The Jakarta Post August 23 2013

The Planning Commission’s findings are based on the methodology recommended in 2005 by a panel of experts headed by the economist, the late Suresh Tendulkar. The methodology defines poverty in terms of consumption or spending power of an individual during a certain period. Only those spending up to 27 rupees a day in rural areas and 33 rupees in urban areas would be counted as living in poverty.

Thus, for a family of five, the all-India poverty level in terms of consumption expenditure would amount to about 4,080 rupees (US$63) in rural areas and 5,000 rupees per month in urban areas.

The Tendulkar calibration is roughly equal to the World Bank’s poverty line, which is based on the purchasing power parity (PPP) for $1.25.

The PPP compares the amount of currency needed to buy the same item in different countries. The yardstick is used by the UN and in over 180 countries.

The extent of decline--from 37 per cent to 22 per cent over the past seven years--has ignited debate throughout the country. There is no denying that the Planning Commission’s poverty line has been set at an absurdly low level which conceals the true scale of poverty in India.

The spending has been calculated at a level that is much too low.

Considering the cost of food, rent and essential commodities, it is impossible to make even the bare purchase of food. The average cost of one kg of rice sold through PDS at subsidised rates is currently around 18 rupees.

*US$1=64 rupees
Here go the so-called India poverty elimination magic

 

[Truth Finder]

Lets find out whats cooking regarding the so-called Indian poverty elimination "MIRACLE" then

India's poverty story | The Jakarta Post August 23 2013


*US$1=64 rupees
Here go the so-called India poverty elimination magic

1)Again trolling. International standard is $1.25(PPP) and India maintains it. Ask UN as they have released data. By the way, in China it's at $0.24 per day.

2) $1=61.19 INR(IST 9:55 am,11 Oct,2013)

 

[bolo]

October,2013 report. Data is not available instantly unlike made up data in China

like indian say "indigenious acc" set for sea trial when the foreign made acc is 20% completed with no indian made parts.