A Ridiculous Study

Angus Deaton , the noted Princeton Economist, has cast serious doubts on World banks last upward revision of global poverty figures. 

His statement that the world has become poorer as India has become richer.
No study of economics indicate such dimensions.
He relegates that India's exit from the poverty line  because of its econmic growth  resulted in the average rising.


The Purchase power Parity (PPP) is the formula that is used to calculate the national poverty lines  of a group of the poorest countries in the world. This is done by converting them to U.S. dollars.
India emerged out of the poverty line in 2005.


Deaton argues that the Indian poverty line should be taken as standard , so that India does not get richer, thus the world does not become poorer

The findings Of Deaton are not proactive to the economic prosperity.
India is working towards an economic progression.
It has  opened  up the economy that , has brought in an assured promise.
Its entry into the Information Technology sector with a bash ,has  recorded an immense growth.

Overlooking all these vital considerations, the learned economist has concluded that Richer India makes the world poorer.
Pushing the country into oblivion by the dominant nations ,is a routine procedure.
Coming out with irrelevant demostrations are not expressive of the economists research..
Deaton should have studied the cause for Indian economic resurgence.
Instead he has presented an incomprehensible doctrine.