India

SOYMB reads:-
The number of US dollar billionaires in India on the Forbes list is 49 . The wealth amassed by Indian billionaires—estimated at 340.9 billion dollars by the US business magazine Forbes—is nearly 31 percent of the country’s total GDP. This gives them nearly three times more weight in the economy than their American counterparts and over ten times of those in China. The GDP share of Indian billionaires’ wealth is more than four times of the global average.

While 49 individuals preside over what for most Indians is unimaginable wealth, the majority of people are struggling to survive from day to day. In India’s financial capital of Mumbai, more than six million desperately poor people, half of the city’s population, eke out an existence in the slums. Mumbai’s gleaming skyscrapers that symbolise India’s economic growth sit alongside makeshift hovels.

According to a new Oxford University study, 55 percent of India’s population of 1.1 billion, or 645 million people, are living in poverty. Using a newly-developed index(These include: child mortality, nutrition, access to clean drinking water, sanitation, cooking fuel, electricity, and years of schooling and child enrolment.) , the study found that about one-third of the world’s poor live in India. Poverty in eight Indian states—Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa, Rajasthan, Uttar Pradesh, and West Bengal—exceeded that of the 26 poorest African countries.Only 31 percent of India’s population had access to improved sanitation in 2008. As a result of the lack of health care and food, 61 million children in India are stunted, the largest figure for any country, according to a UNICEF report.The United Nations World Food Program (UNWFP) recently painted an alarming picture, reporting that nearly 350 million people—roughly 35 percent of India’s population —was food insecure and consumed less than 80 percent of their total energy requirements.
More than 1.5 million children in India are estimated to suffer from malnourishment and 43 percent of children under five years of age are underweight, according to the latest UNWFP report. The proportion of anaemic children has increased by six percent in the last six years, with 11 states reporting 80 percent child anaemia rates. Another study that used a household income of $US2 a day as the poverty benchmark found that India not only has more poor people than sub-Saharan Africa, but also has a higher level of poverty. In India, 75.6 percent of the population, or 828 million people, live below the poverty line as compared to 72.2 percent, or 551 million people in sub-Saharan Africa.