How to solve India’s poverty crisis

By Paul Polak and Mal Warwick Economic debate swirls around the question of how to end poverty, and no wonder: today there are still 2.7 billion people living on $2 a day or less. How should a nation that contains nearly one in three of the world's poorest people address this very real problem? At one extreme among Indian observers, Nobel Prize winner and Harvard professor Amartya Sen urges greater government investment in programs to aid the poor. At the other, Jagdish Bhagwati, Columbia professor and leading trade economist, insists on the need to fuel the growth of industry and the middle class. From our…

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