India and China are making mammoth strides in the area of development. However, while development in both nations has been remarkable, there is today much worry about whether such growth yields and will yield adequate poverty decline. Within the past two decades, researchers have seen a large and noticeable fall within the number of people that live on the famous, less than U.S.$1.25 a day, which is the World Bank's global poverty starting point -- down from the reported 1.9 billion in 1990 to five hundred millions less, (1.4 billion) in 2005 (Bardhan, 2010, p. 77). By this measure, international poverty rates fell from 42% (1990) to 25% (2005), and may continue to fall to 15% by the end of 2015, equivalent to 900 million people.
Nevertheless, U.S.$1.25 signifies a very low living standard for people to live on daily. Those below it researchers consider, are in great deprivation, and countless people above the stated threshold may regard themselves as impoverished (Aziz, 2008, p. 125). India and China account for the majority of the fall in number of persons living below said threshold. However, despite their progress, China and India are still characterized by deep poverty. In both countries, the debate on poverty, more specifically, the poverty line in recent times has intensified.
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Some consider poverty measures as a source of controversy, since there is no over-all consensus over the methodological...
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