12:01AM
Chart of the day: % Indian population living on less than $1.25/day
Wednesday, June 30, 2010 at 12:01AM
From WSJ story where India is considering whether or not to liberalize its welfare rolls by lowering the threshold definition of poverty.
But what caught my eye here is the clear trend. We can argue about what the cut-off for welfare should be, but it gets hard to make the case that globalization and marketization has impoverished Indians.
Reader Comments (2)
But a buck twentyfive was worth considerably more in 1981 than it is today so is this really that significant an improvement or an improvement at all?
Is this chart adjusted for inflation?