India’s Poor Are More Upwardly Mobile Than You Think – India Real Time – WSJ

Despite India’s reputation as a country where millions of families are stuck in grinding poverty, a new World Bank report shows that a surpassingly large portion of the South Asian nation’s poor population has been finding its way out of poverty.

The report titled “Addressing Inequality in South Asia,”– which looked at the gaps between the haves and have-nots in India and its neighbors– looked at different income groups and how they changed over the five year period up to March 31, 2010.

Over that period close to 40% of the people that had been classified as poor had clawed their way above the poverty line. Of course, the income mobility went both ways, but was not as bad on the down side. Around 15% of the people that had been previously classified as middle class or just above the poverty line fell into poverty over the five years.

via India’s Poor Are More Upwardly Mobile Than You Think – India Real Time – WSJ.

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One Comment to “India’s Poor Are More Upwardly Mobile Than You Think – India Real Time – WSJ”

  1. India’s Poor Are More Upwardly Mobile Than You Think –is a good news for India, and for those officials who are working hard to raise the standards of living of people struggling in India and its neighbouring countries.

    However, having said that, poverty is a complex issue! Any progress made to alleviate poverty is a heart warming news.

    Like

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