Next line in the 4th paragraph of the Wikipedia article you quoted, “According to the Modified Mixed Reference Period (MMRP) concept proposed by World Bank in 2015, India's poverty rate for period 2011-12 stood at 12.4% of the total population, or about 172 million people; taking the revised poverty line as $1.90.” (And that's already two years out of date and India's economy is growing at ~7% annually.)
I'm not arguing with you any more because you use phrases and terms like "grotesquely absurd", "near worthless", and "fantasy" which are all both hyperbolic and uncharitable. I'm not arguing that there isn't poverty in India and China, I'm arguing that though there is poverty, and some of it extreme, both countries are raising millions out of poverty annually. Only this month India announced the world's largest electrification scheme† to electrify the remaining population. And GDP PPP is a way to measure that change, economists agree on this to the best of my knowledge. I'm not taking your word for it, show me a source that disagrees.
I'm not arguing with you any more because you use phrases and terms like "grotesquely absurd", "near worthless", and "fantasy" which are all both hyperbolic and uncharitable. I'm not arguing that there isn't poverty in India and China, I'm arguing that though there is poverty, and some of it extreme, both countries are raising millions out of poverty annually. Only this month India announced the world's largest electrification scheme† to electrify the remaining population. And GDP PPP is a way to measure that change, economists agree on this to the best of my knowledge. I'm not taking your word for it, show me a source that disagrees.
† http://www.bbc.com/news/world-asia-india-41397022