Interestingly enough India abandoned Soviet style command economy about 15 years later than China did (under Deng XiaoPing) so if India is contributing to this, it may be the case that in both cases it was due to moving towards more capitalist economic systems.

I don’t think either country denies this. At least in India the growth is attributed to opening up the economy, privatization, reduction in licensing and bureaucracy etc.

I don't care whether Betteridge's law applies. It's really, really good news.

Since the law applies it actually makes it better news. Poverty alleviation is happening at a rapid pace in both of the world’s most populous countries. I agree- it’s really, really good news.