Odds Of Escaping Poverty In India, U.S. Same: WB

  • A World Bank report has challenged the conventional understanding of India’s inequality.
  • The report named “Addressing inequality in South Asia,” has found that the probability of a poor person moving out of poverty in India in 2014 was as good as that in the U.S.
  • Martin Rama, one of the authors of the report and World Bank Chief Economist for South Asia opined: India is no longer the land of extremes and there are some bright spots.
  • The report has found that sons from Scheduled Caste and Scheduled Tribe households are no longer stuck in the jobs done by their fathers.
  • Across generations, mobility of occupational profiles among Muslims has been similar to that of higher caste Hindus, whereas mobility among Scheduled Castes and Scheduled Tribes and Other Backward Classes has become higher than that of upper caste Hindus over time.
  • The report shows that one of the main drivers of upward mobility is the increase in number of non-farm jobs in rural India.