As India returns to positive growth, it must think why it canât remove poverty like China has
India must be concerned about loss of economic momentum, and because it isnât outpacing countries that are nowhere near China in growth & development.
TN Ninan 27 February, 2021 8:32 am IST Text Size:
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Whichever way one looks at it, Xi Jinpingâs announcement that China has abolished absolute poverty is an epochal event. From being one of the poorest societies on earth, and accounting, along with India, for the overwhelming bulk of the worldâs absolute poor, China has now reached a level of per capita income that is close to the global average (measured using purchasing power parity, or PPP). And it has raised a claimed 850 million people out of poverty.