Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

Er.... how poor is india ?

Asked by angel, 05 Sep '08 11:48 am
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (9)

 
1.

The Planning Commission estimates that poverty levels in India have been falling sharply since 1983 and, based on the mixed recall period, around 21.8 per cent of the population (238 million out of a total population of 1,093 million) suffered from deprivation and were below the poverty line in 2005.

In terms of the rural-urban spread, 21.8 of rural Indians are poor (170 million people) while the figure for urban India is 21.7 million (68 million). Arvind Panagariya has somewhat different numbers, and argues that poverty numbers fell from 48.4 per cent in 1977-78, to 43 per cent in 1983-84, 39.1 per cent in 1987-88 and to 32.6 per cent in 1999-2000.

These, however, could be vast under-estimates going by the results of the World Bank's latest study on global poverty. To arrive at its estimates, the World Bank uses a new poverty benchmark based on purchasing power parity.

The World Bank uses an income cut off of Rs 21.6 per day in urban areas and Rs 14.3 per day in rural areas ( ...more
Answered by always fresh, 05 Sep '08 12:01 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
2.

India is the richest country of cultural and intellectual heritage
It is the only society in the world which has never known slavery.

India never invaded any country in her last 10,000 years of history.

India was the richest country on Earth until the time of the British in the early 17th Century

Robert Clives personal wealth amassed from the blunder of Bengal during 1750s was estimated at around 401,102

It has been estimated that the total amount of treasure that the British looted from India had already reached 1,000,000,000 (1Billion) by 1901. Taking into consideration interest rates and inflation this would be worth close to $1,000,000,000,000, ($1Trillion) in real-terms today. ...more
Answered by PARTHA PATHAK, 08 Sep '08 01:55 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
3.

On the contrary... richest; depends on what parameters you have to see richness
Answered by Praveen, 06 Sep '08 04:11 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
4.

May 50th rank
Answered by dhanendra kumar jain, 05 Sep '08 12:30 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
5.

India is very poor as compared to another countries. Here in india middle class does not have eeven a penny to save.
Answered by bobbythakur, 05 Sep '08 12:24 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
6.

Jysa dekha why sa dekha.
Answered by suman, 05 Sep '08 11:49 am

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
7.

Only statistics can tell
or the poor around us
Answered by anil garg, 16 Apr '10 10:57 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (1)
Your vote on this answer has already been received
8.

Very very poor---pls look into rural n footpath life.
Answered by debesh kanungo, 05 Sep '08 11:49 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (1)
Your vote on this answer has already been received
9.

India is the richest country in its tradition ,in its cultual belief but dont forget our country was richest before British conquered us.....
Answered by IRENE GEORGE, 22 Oct '11 11:55 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

If you want Math formulas please visit math.furman.edu/mqspodard/mqs/mqsf.shytmlThere is a plethora of such quotations in it. Just a couple quoted bel..more

Answered by radhikamruta