Listen for decades you had something called the Hindu growth rate, and we were growing faster, the cool thing is even though growth has slowed, we are getting a massive bailout from the US, China, Gulf countries, also signs are that the economy is recovering.
Nearly 80 pct of India lives on half dollar a day | Reuters
Aug 10 (Reuters) - Seventy-seven percent of Indians -- about 836 million people -- live on less than half a dollar a day in one of the world's hottest economies, a government report said.
The state-run National Commission for Enterprises in the Unorganised Sector (NCEUS) said most of those living on below 20 rupees (50 US cents) per day were from the informal labour sector with no job or social security, living in abject poverty.
Around 26 percent of India's population lives below the poverty line, which is defined as 12 rupees per day, said officials.
My God that is horrifying, even labourers in Pakistan make about 200 rupees a day, so 26 percent of the population would be about 290 million people live on 12 rupees a day. These people are literally starving to death. india has no moral authority to lecture anyone on poverty.