More than 40% of India’s population lives on less than $1.25 a day. What kind of standard of living do these people most likely have?
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Answer :-
The standard of living in India varies from state to state. In 2019, the poverty line reduced further to about 2.7 %[1] and India no longer holds the position of the nation with the largest population under poverty.[2] The Indian middle class constitutes 40 million or 3% of the population.[3]
There is significant income inequality within India, as it is simultaneously home to the some of the world's richest people.[4] The average wages are estimated to quadruple between 2013 and 2030.[5]
The standard of living in India shows large geographical disparity as well. For example, there is widespread poverty in rural areas of India, where medical care tends to be very basic or unavailable. On the other hand, many metropolitan cities the likes of Mumbai, Delhi, Chennai, Hyderabad and Bengaluru boast world-class medical establishments, luxurious hotels, sports facilities and leisure activities similar to that of developed nations. Similarly, the very latest machinery may be used in some construction projects, but many construction workers work without mechanization in most projects.[6] However, a rural middle class is now emerging in India, with some rural areas seeing increasing prosperity.[7]
As per the IMF's World Economic Outlook for 2020, the per capita PPP-adjusted GDP for India was estimated to be US$9,027.[8] .