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12:01AM

Chart of the day: % Indian population living on less than $1.25/day

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.

References (1)

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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?

June 30, 2010 | Unregistered CommenterArthur Crook

Is this chart adjusted for inflation?

June 30, 2010 | Unregistered CommenterJoshua Hall

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