Re:India lifted 415M out of poverty in 15 years, says UN
by Scoundreller on Monday November 07, 2022 @09:43PM
(#33515343)
How much of this has to do with credit expansion and how much from cash purchases of those properties?
(Though I suppose an urban software developer is a good credit risk)
After leaving Delhi we would , after an hour or so, make our first stopover in a little village called .... Gurgaon! There we would have chai, samosas, etc. In those days Gurgaon was separated from Delhi and a sleepy little village.
When the capital expanded, those villagers became instant millionaires.
A lot of comments in this thread are crediting TCS, Infosys, etc for lifting people out of poverty, but another factor was the skyrocketing realestate prices. Small-time farmers who could barely make ends meet suddenly were sitting on million-dollar land holdings.