India have high power, fantastic Planning Commission for last 50 years, manned by "top" IAS babus and elites. Look what they produced .!
Nearly 80 pct of India lives on less than 20 rupees a day
NEW DELHI (Reuters) - Seventy-seven percent of Indians - about 836 million people - live on less than half a dollar a day in one of the world's hottest economies, a government report said.
The state-run National Commission for Enterprises in the Unorganised Sector (NCEUS) said most of those living on below 20 rupees (50 US cents) per day were from the informal labour sector with no job or social security, living in abject poverty.
"For most of them, conditions of work are utterly deplorable and livelihood options extremely few," said the report, entitled "Conditions of Work and Promotion of Livelihoods in the Unorganised Sector", seen by Reuters on Friday.
"Such a sordid picture co-exists uneasily with a shining India that has successfully confronted the challenge of globalisation powered by economic competition both within the country and across the world."
Around 26 percent of India's population lives below the poverty line, which is defined as 12 rupees per day, said officials.
Economic liberalisation since the early 1990s has created a 300 million-strong middle class and led to an average annual economic growth of 8.6 percent over the last four years, but millions of the country's poor remain untouched by the boom.