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Grand Tamasha
The Great Indian Poverty—and Inequality—Debate
Apr 24, 2024
Expert on poverty and inequality in India, Maitreesh Ghatak, dives into the complexities of poverty decline in India, analyzing government consumption survey data transparency issues, the unique path to poverty reduction, and the intricate relationship between inequality, poverty, and growth in the country.
55:52
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Quick takeaways
- Critics question India's official growth rates, highlighting the need for more critical analysis of GDP data.
- Enhanced welfare programs during the pandemic inadvertently aid in poverty reduction, emphasizing the importance of long-term poverty alleviation strategies.
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Overview of Poverty and Inequality Debate in India
As India heads to the polls, a new chapter emerges in the ongoing debate about poverty and inequality. Recent data suggests a decline in poverty, sparking contrasting views on the country's economic landscape. Critics argue that official growth rates may be exaggerated, emphasizing the need to analyze the GDP data more critically. Despite positive indicators in recent years, claiming India as the fastest growing economy is viewed with skepticism due to growth slowdowns and GDP measurement controversies.
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