Apr
28
“Since 1985, the ranks of the deprived have fallen from 93 percent to 54 percent of the population, as 103 million people moved out of desperate poverty and many millions more were born into less grim circumstances. When we factor in population growth, there are 431 million fewer deprived Indians today than there would have been had the poverty rate remained stuck at its earlier level, making India’s economic reforms the most effective antipoverty program in its history.”
McKinsey & Company - Next Big Spenders: India’s Middle Class