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Title: India’s middle class shrank by 32 mn in 2020, says Pew report
Date:19 March 2021

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.

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