A recently released World Bank report has claimed that the chance of escaping poverty is now roughly the same in India as it is in the U.S.
The report, called Addressing Inequality in South Asia, compares the share of consumption among three developing countries – Vietnam, Bangladesh and India – and the United States, divided along transitioning class lines – moving out of poverty, those moving from poverty into the middle class, falling back to poverty, falling out of middle class. The findings of the analysis were that “within the same generation, mobility in earnings – measured by the ability to move out of poverty and into the middle class – is comparable to that of the United States
The report says that India between 2004-05 and 2009-10, 15% of the total population also moved above the poverty line. By these measures, the report claims “upward mobility within a generation in…. India was comparable to that of dynamic societies such as the United States.”