Indian Economy

 
This international poverty line definition of $2.15 is nothing but a practical joke.

When converted to INR using purchasing power parity (PPP), this equates to approximately ₹49.5 per day or ₹1,485 per month. Even in the most remote villages of India, a minimum of ₹7,000 per month, or ₹230 per day, is required for basic survival. This translates to roughly $9.3 per day
this is for extreme poverty line by world bank in 2017 prices:-
per dollar is equal to 87.47 today.
so 2.15 dollar means = 188 indian rupee.
this money is good enough (except in metro cities) for single person in india to live comfortably with "basic needs"....due to low cost of roti, kapda, makkan nd internet. but this amount isnt enough for western nd rich countries. i think for western countries they took larger amount.
 

Latest Replies

Featured Content

Trending Threads

Back
Top