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Coronavirus eroded China’s middle class, but India has fared much worse, new findings reveal

Summary:
[unable to retrieve full-text content]While the economic fallout from the coronavirus pandemic has taken a hefty toll on the world’s two most populous nations, India’s middle class has been hit much harder than China’s, according to findings by the Pew Research Centre.And a year into the pandemic, the scale of the world’s middle class living on US to US a day looks to have dropped by 54 million people, while the number of poor people subsisting on US or less has increased by about 131 million, the Washington-based think…

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[unable to retrieve full-text content]
While the economic fallout from the coronavirus pandemic has taken a hefty toll on the world’s two most populous nations, India’s middle class has been hit much harder than China’s, according to findings by the Pew Research Centre.And a year into the pandemic, the scale of the world’s middle class living on US$10 to US$20 a day looks to have dropped by 54 million people, while the number of poor people subsisting on US$2 or less has increased by about 131 million, the Washington-based think…

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