India’s  middle class shrank by 32 mn in 2020, says Pew report -Asit Ranjan Mishra

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published Published on Mar 19, 2021   modified Modified on Mar 19, 2021

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.

The report, which is based on an analysis of World Bank data, said that in comparison China fared much better, with the number of people in the middle-income tier decreasing by only 10 million, while the poverty level remained virtually unchanged in 2020.

“Given that India and China also account for more than a third of the global population, with about 1.4 billion people each, the course of the pandemic in these two countries and how each recovers will have a substantial effect on changes in the distribution of income at the global level," the report said.

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Kindly click here to access the report by Pew Research Centre., 19 March, 2021,

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