India’s middle class shrank by 32 mn in 2020, says Pew report
The shrinking of middle class population could have a medium-term impact on India’s growth trajectory
The coronavirus pandemic may have shrunk India’s middle-class population by 32 million and driven 75 million below the poverty line in 2020, a Pew Research Centre report said, as a severe recession walloped Asia’s third-largest economy.
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