[Alternative Perspective] Celebrating India's Declining Poverty Levels!
About a year back, there was a flurry of articles celebrating the post-reforms/ liberalisation decline of poverty levels in India.
Govt of India's press release concluded based on NSS (National Sample Survey) 61st round that, from a poverty level of 36% in 1993-94, by 2004-05:
the poverty levels had fallen to 27.5% (if one goes by Uniform Recall Period (URP) consumption distribution methodology)
And/or
BDT Case Study-Put All Eggs In One Basket!!!!!! !!!!!!!!! !
Dear Friends,
I am sending you all a case study of visible change that we have experienced over last five month of microfinance experience.
We are raising funds from funding agencies. Currently every one is testing waters with us and giving us in small tranches. But we feel that individuals need to continuously support us financially. We need individuals like you to support us financially even in small amount like Rs 5000/10000/20000.
The amount will be returned after 12 months. Its totally based on trust. I got support from 40 people who believed in us and helped us to stand up. We are slowly slowly gathering pace.