With a population of more than 1.2 billion, India is the world’s largest democracy. Over the past decade, the country’s integration into the global economy has been accompanied by economic growth. India has now emerged as a global player.
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New Delhi, January 20, 2015: Jobs and migration are supporting considerable upward mobility among both the poor and the vulnerable sections of the population in India. Households from Scheduled Castes... Show More + and Scheduled Tribes – considered together – experienced upward mobility comparable to that of the rest of the population, says a new World Bank report.The report Addressing Inequality in South Asia split the Indian population into three groups – the poor, the vulnerable and the middle class and compares households in these categories between 2004-2005 and 2009-2010. It found that over that period some 15 percent of the total population or 40 percent of the poor in India moved above the poverty line. Meanwhile, a sizeable portion of the poor and the vulnerable – over 9 percent of the total population or about 11 percent of the poor and vulnerable – moved into the middle class. However, over 9 percent of the total population or about 14 percent of the non-poor group also slipped into pover Show Less -
Jan 20, 2015: Octavio Paz, Nobel-laureate and Mexico’s ambassador to India, saw India as a land of extremes. “Incredible opulence” coexisted side by side with “equally unbelievable poverty”, he wrote fifty... Show More + years ago. Is that still the case today, asks the World Bank’s recently released report, ‘Addressing Inequality in South Asia’.The report finds that while South Asia has moderate levels of inequality based on standard monetary indicators, these levels are generally rising. And, inequalities in human development outcomes, such as health and education, remain high.The bright spot for India is that growth has reduced poverty, and upward mobility has increased considerably. Where you were born, what your parents did for a living, and what their levels of education were - the most common determinants of a person’s earning potential - are no longer the sole arbiters of a person’s prospects in life, the report finds.Young Indians are far more upwardly mobile than earlier generationsYoung pe Show Less -