fbaezer wrote:cav, I sincerely doubt $400 a year is an average income in India. My guesstimation is at least triple that amount.
$1,200 a year?
I am a nitwit when it comes to economic indicators. And Googling for "average income" yields surprisingly little, nothing, really. Only lots of indicators on GNI and GDP per capita.
'Ccording to the Asian Development Bank, India's GNI per capita was $460 in 2001, higher than Vietnam, Mongolia and Pakistan but lower than Uzbekistan and Papua New Guinea and considerably lower than Indonesia.
This
World Bank report has loads and loads of data (see statistical index), and lists "Per Capita Income" for India in 2000 as $450, as compared to $840 for China and $3580 for Brazil. It lists "PPP Per capita income" as $2340, as compared to $3920 and $7300 for China and Brazil.
World Bank figures from 2002 have the above two figures listed as "GNI per capita - Atlas methodology (US$)" at $480, and "GNI per capita - Purchasing power parity (international dollars)" at $2570. In the first case India ranks between Yemen and Lesotho, in the second between Lesotho and Honduras.
What's all that mean? (Told you I was a nitwit).
According to the UN Statistics Division,
35% of India's 2000 population - over one in three -
lived on less than "1 $ (PPP) per day consumption" (or less than $365 a year, thus) - now thats a stat I can immediately understand. The above-mentioned WB report even has 44% of India's 1997 population at "below US$l/day".