Skip to main content

Map of india showing people with ownership of all four assets - television, computer/laptop, scooter/car and telephone/ mobile phone.

With 20 per cent of India's population still lives below the poverty line. What will smart cities mean to India? 

Twenty years hence, the 2011 census shows that only 4.6 per cent of India's population has ownership of all four assets - television, computer/laptop, scooter/car and telephone/ mobile phone.
While the limiting asset is computer with only 9.5 per cent ownership, 21 per cent owns a scooter and 63 per cent owns a phone.

Click on the image to enlarge:

How projections go wrong !
The year 1991 was a landmark in India's economic and political history. And by throwing its doors open to the foreign world, it created two myths - the great Indian middle class and the great Indian growth story. But myth was soon busted when the 300 million middle-class figure projected in 1991 actually stood at 30 million. According to the standards set by the Asian Development Bank, members of the middleclass consume on average $2- $20 a day.
Is the vulnerable middle- class who consumes $2 a day better fitted to be called the middle-class? Or the middlemiddle class who spends $4-$10 a day? Or, the upper-middle class who can afford expenditures of $10-$20 a day?

http://www.dailymail.co.uk/indiahome/indianews/article-2327182/The-myth-great-Indian-Middle-class-Roughly-30-Indias-population-lives-poverty-line.html


Comments

Popular posts from this blog

Best IELTS and English language training institutions in Hyderabad

IELTS stands for International English Language Testing System. As the name implies it is basically an English test for testing the proficiency of the language in an individual.  Training for IELTS can be taken to pass the IELTS exam or to develop good english language skills. I am giving the training institute addresses for Hyderabad. The test system is jointly managed by the British Council,IDP education ltd and University of Cambridge ESOL Examinations and more than 1 million candidates are taking the exam all over the world. The test has two versions : 1. Academic 2. General training Academic  version is for people who plan to continue their higher education by enrolling in universities in countries like US,UK,Australia,Canada,New Zealand etc.The academic institutions in these countries consider the IELTS score as a criteria for the admission process. General training is mostly for immigration purposes in countries like Australia,New Zealand,Canada etc. It may ...

Great places to eat in Lucknow

  1. Idris Hotel Located Opposite Patanala Police Station, Chowk-  Officially the best biryani in all of Lucknow . They have the softest meat and the most divine aroma when the waiter brings the biryani to you! "Idris ki Biryani" as it is popularly known.. Here Is The Man Behind Creating This Magical Biryani-the son of Idris ji Source: yummraj.com 2. Tunday Kababi Located in Naaz Cinema Road, this legendary place has the best  mutton korma with sheermal-  the gravy is so rich in flavors, you want to just take an eternity while eating every bite! Source:  www.the-south-asian.com 3. Royal Cafe Located in  51, Hazratganj- This place is famous for it's basket chat.  Aloo tikki, dahi bara, matar kulcha are some of the dishes one must certainly try and  they are hygienic as well . ( they seve gol gappas made wit mineral water) Source: coralswithblues.com 4. Kool Break Located in 17...