Cultural_Flounder107 t1_j6o5sgz wrote on January 31, 2023 at 6:40 PM

Reply to comment by Youngerthandumb in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17

This doesn't mean the bottom 50% got poorer though. In fact, the graph just above what is written in the article says otherwise.

Youngerthandumb t1_j6oab0j wrote on January 31, 2023 at 7:08 PM

Which graph are you referring to?

Cultural_Flounder107 t1_j6paj98 wrote on January 31, 2023 at 10:55 PM

The chart/ table. English is not my first language. What I mean is if the bottom 50% represent 20% of the economy and, after ten years, they represent 50% less of it and the economy gets three times bigger, they actually got richer. The table shows the bottom 50% got consistently way richer.

Youngerthandumb t1_j6pbko8 wrote on January 31, 2023 at 11:02 PM

You're not wrong. Overall, they may be better off on paper, notwithstanding changes in cost of living. However, relative to the upper classes, they are worse off than they would be if the upper classes hadn't gobbled up a disproportionate part of the increased wealth of the nation. Extreme poverty is still a giant problem in India and I think it's unjust that they should see their proportion of wealth decrease (by 40% since the 80s!), even if their total wealth increased somewhat.