INR 1 for a kg of rice - unbelievable - srilankans cannot think even in dreams
nope... Not that in SL.. and not the below either! :o)..not even in our dreams! :o) i mean..nightmares....
Fresh figures suggest poverty in India still staggering
01 September 2008
Despite sustained high GDP growth in India, latest estimates of global poverty by World Bank suggest that India has more people living below US$ 2 than even sub-Saharan Africa. These new figures should compel political leaders and policymakers to devise fresh strategies to reduce poverty.
None other than the World Bank (WB) has busted the hype about India s post-liberalisation success. According to the Bank s new estimates not only is India home to roughly one-third of all the poor in the world, it has a higher proportion of its population living on less than $ 2 a day than even sub-Saharan Africa.
Compared with India s 828 million people, or 75.6% of the population living below US$ 2 a day, sub-Saharan Africa, considered the world s poorest region, ranks better with 72.2% of its population about 551 million people below the US$ 2 a day level.
India has 456 million people, or around 42% of its population living below the new international poverty line of $ 1.25 a day. The number of Indian poor constitutes 33% of the global poor pegged at 1.4 billion people. |