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India’s poorest earn $3 daily, richer $10

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Story summary
  • World Bank data shows India's poorest 10% earn $3 daily, versus $25 in the United States.
  • India's richest 10% earn $10 daily, while the United States, Canada, Germany and Australia range $128-$173.
  • Ahona Duttagupta (Program Associate, Foundation for Economic Development) says higher productivity, not redistribution, will raise living standards.
  • She urges easier business start-up, predictable taxes, and reduced compliance to spur growth and jobs.