-Livemint
A study shows there has been considerable upward mobility among both the poor and vulnerable sections of the population
One of the reasons for the drubbing given to the Congress in the recent national and state elections is the disenchantment of the so-called neo middle class with its policies. A recent World Bank paper (Addressing Inequality in South Asia by Martin Rama, Tara Béteille, Yue Li, Pradeep K. Mitra and John Lincoln Newman) provides fresh insight on the rise of this new middle class.
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