Poverty Rate in India Drops Below 5% First Time Ever as Rural-Urban Divide Shrinks

 

The images of Mother Theresa’s work in Calcutta gave many people the idea that post-independence India was a place of destitution and grinding poverty, but today it’s on course for one of the great economic miracles in history. This gargantuan nation-state has reduced the official poverty level to below 5%, according to the consumer-expenditure survey […]

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