Er.... how poor is india ?
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
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
or the poor around us