Is Poverty Really Below 5%? | Cracknomics Ep 25
Автор: The Wire
Загружено: 2025-01-10
Просмотров: 115263
Описание:
#indianeconomy #2025 #poverty #povertyline #povertyindia #economicpolicies #china #globalindex #povertyindex
The finance minister recently quoted SBI research’s claim, “India’s poverty fell sharply from close to 22% in 2011-12 to well under 5% in 2023-24, with almost minimal incidence of extreme poverty, and a shrinking of urban-rural gap…” So now, can we stop giving out free ration to 80 crore people? No, because in the increasing data fudging exercises, this is the latest example of how to keep up appearances at least in numbers. While everyone understands that amidst rising inflation, unemployment and stagnant wages, not only poverty is increasing, but the middle class and lower middle classes are also shrinking. We explore more in #Cracknomics this week.
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