World Bank's Wrong claims Of 75% Poverty Reduction In India?The following prove,emphatically,that this is wrong:-
1.From,as late as 2008,till,now,the prices of milk ,edible oils,vegetables,consumer goods etc have gone by about 3 to 5 times,due to a weak Rupee,which fell by about 50% to the U S Dollar,despite massive QEs,by the U S Federal Reserve.
1.From,as late as 2008,till,now,the prices of milk ,edible oils,vegetables,consumer goods etc have gone by about 3 to 5 times,due to a weak Rupee,which fell by about 50% to the U S Dollar,despite massive QEs,by the U S Federal Reserve.
2.The high prices of petroleum fuels have increased the Hyper-Inflation due to the weak Rupee
3.The wealth of Indians have got eroded by a weak Rupee,by at least 3 times,on a conservative basis.
CONCLUSIONS:-
1.The claim by the World Bank,seems,wrong.
2.In my opinion,Poverty in India,has increased,by at least 200%,from,as late as 2008.
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