India Has World’s Third-Largest Number of Billionaires

[mujhaidind]

That witch is more rich than the Queen of England and the Sultan of Oman

Gadaffi had 200billion. I am guessing Sonia must be atleast having 100 billion. Some say she owns LIC and has some stake in other PSUs. @jamahir

 

[The Headache]

That witch is more rich than the Queen of England and the Sultan of Oman

Sonia Gandhi is richer than Queen Elizabeth and the Sultan of Oman, claims 'Huffington Post' report | Latest News & Updates at Daily News & Analysis

Holy shit !

 

[Blue_Eyes]

Yes, its surprising as billionaires in pakistan, not even millionaires pay taxes!

your Income Tax department is sleeping?
anyways the fact is we also have peoples who don't pay taxes and hide their real income in many ways, and thats why I strongly believe that we have more than 97 billionaires in India, and they have black money and are real traitors
but thanx to Indian ED they are working good.

 

[Norwegian]

your Income Tax department is sleeping?
anyways the fact is we also have peoples who don't pay taxes and hide their real income in many ways, and thats why I strongly believe that we have more than 97 billionaires in India, and they have black money and are real traitors
but thanx to Indian ED they are working good.

LOL. Our Federal Tax department is not even sleeping. I even doubt its existence!

 

[Shotgunner51]

Poverty is also being eliminated since the 1991 reforms - The World Bank says India has been the biggest contributor to poverty reduction between 2008 and 2011, but even this remarkable feat is not enough. India's poverty rate drop from 51% in 1990 to about 29% in 2013 - #2 in Poverty Reduction after China overall.

BBC News - How life is improving in India's poorest regions

The World Bank on India’s poverty - Livemint


Ever since the economic liberalization in India started in 1991 it has been over 24 years for India under a new economic system. Apart from what these reforms did to the Indian economy which has already been in discussion over and over again - here is what these reforms did to the society that is India's achievements in Social Sector and Improvements in Quality of Life from 1990 to 2013 -

India's Exceptional Achievements in Social Sector and Improvements in Quality of Life

I checked the World Bank
Poverty | Data
Poverty headcount ratio at @1.25 a day (PPP) (% of population), some countries are as below:

Sub-Saharan Africa 46.8% (2011)
Bangladesh 43.3% (2010)
India 23.6% (Y2012)
Philippines 19.0% (Y2012)
Indonesia 16.2% (Y2011)
Georgia 14,1% (2102)
Pakistan 12.7 (Y2011)
China 6.3% (Y2011)
Brazil 3.8% (Y2012)
Spain 2.3% (2010)
USA 1.7% (2010)
​

 

[Echo_419]

I checked the World Bank
Poverty | Data
Poverty headcount ratio at @1.25 a day (PPP) (% of population), some countries are as below:

Sub-Saharan Africa 46.8% (2011)
Bangladesh 43.3% (2010)
India 23.6 (Y2012)
Philippines 19.0 (Y2012)
Indonesia 16.2% (Y2011)
Georgia 14,1% (2102)
Pakistan 12.7 (Y2011)
China 6.3% (Y2011)
Brazil 3.8% (Y2012)
Spain 2.3% (2010)
USA 1.7% (2010)​

Work under progress

 

[Shotgunner51]

Work under progress

I know, there is a downward trend.

Just the data in the previous post were wrong after I checked the World Bank source, hence the graph posted was wrong. We need factual and accurate numbers to see the picture.

Poverty | Data

 

[Chanakya's_Chant]

I checked the World Bank
Poverty | Data
Poverty headcount ratio at @1.25 a day (PPP) (% of population), some countries are as below:

Sub-Saharan Africa 46.8% (2011)
Bangladesh 43.3% (2010)
India 23.6% (Y2012)
Philippines 19.0% (Y2012)
Indonesia 16.2% (Y2011)
Georgia 14,1% (2102)
Pakistan 12.7 (Y2011)
China 6.3% (Y2011)
Brazil 3.8% (Y2012)
Spain 2.3% (2010)
USA 1.7% (2010)
​

Thanks, got that graph from FT -

World Bank eyes biggest global poverty line increase in decades - FT.com

 

[Echo_419]

I know, there is a downward trend.

Just the data in the previous post were wrong after I checked the World Bank source, hence the graph posted was wrong. We need factual and accurate numbers to see the picture.

Poverty | Data

The important thing is it the poverty is going down & with the increased speed of Economic growth it will continue to go down & down

 

[13 komaun]

@jamahir

Is it boon or bane?

 

[jamahir]

Gadaffi had 200billion.

lies of bbc... that money was for libya and africa ( and the world ) and it has been now stolen by "world bank" and imf... a human cannot eat money, especially a simple and wise human like gaddafi... so, lies.

@jamahir

Is it boon or bane?

you decide...

ambani antilla tower, bombay...

tea plantations of darjeeling, 2014... ( Death, hunger stalk Indian tea-estate workers )...

 

[13 komaun]

lies of bbc... that money was for libya and africa ( and the world ) and it has been now stolen by "world bank" and imf... a human cannot eat money, especially a simple and wise human like gaddafi... so, lies.



you decide...

ambani antilla tower, bombay...

tea plantations of darjeeling, 2014... ( Death, hunger stalk Indian tea-estate workers )...

unfortunate

FYI Dheerubhai ambani was salesman once.

 

[Leader]

Wow! Your billionaires even pay taxes to the state! What a surprise! @Leader something for you?

This is childish to believe that billionaires pay taxes and govt in return make policies for the poor. had it been so, 70% of the indians werent on streets or sleeping hungry.

anyway, in our land, the rich dont pay tax at all.. we are indirectly taxed.. a poor man who earns 6000, pays the same tax as the person who earns in millions.

 

[Chanakya's_Chant]

This is childish to believe that billionaires pay taxes and govt in return make policies for the poor. had it been so, 70% of the indians werent on streets or sleeping hungry.

anyway, in our land, the rich dont pay tax at all.. we are indirectly taxed.. a poor man who earns 6000, pays the same tax as the person who earns in millions.

Last time I checked Pakistan had more % of people sleeping hungry than India did and that while the number of hungry people is falling in India - the same is increasing in Pakistan

>> India had a score of 17.80 in GHI 2014 - with which India ranked 55th out of 76 countries—ahead of Bangladesh and Pakistan, but behind Nepal and Sri Lanka.
2014 Global Hunger Index—Background Facts and Findings for Asia | International Food Policy Research Institute (IFPRI)

>> The number of hungry people in India has fallen to by 9.5 per cent in two decades from 1994 to 2014, but in neigbouring Pakistan the number has risen by over 38 per cent in the same period.
No of hungry people in India falling but rising in Pakistan: Report - Economic Times

I guess I won't "earn a reply" but still at times truth hurts

 

[Leader]

Last time I checked Pakistan had more % of people sleeping hungry than India did and that while the number of hungry people is falling in India - the same is increasing in Pakistan

>> India had a score of 17.80 in GHI 2014 - with which India ranked 55th out of 76 countries—ahead of Bangladesh and Pakistan, but behind Nepal and Sri Lanka.
2014 Global Hunger Index—Background Facts and Findings for Asia | International Food Policy Research Institute (IFPRI)

>> The number of hungry people in India has fallen to by 9.5 per cent in two decades from 1994 to 2014, but in neigbouring Pakistan the number has risen by over 38 per cent in the same period.
No of hungry people in India falling but rising in Pakistan: Report - Economic Times

I guess I won't "earn a reply" but still at times truth hurts

slow clap for you lady !