Emergence of a large middle class in India and China has moderated the global growth of inequality.

Question

Quizplus · Accepted Answer

The emergence of a large middle class in India and China, due to rapid economic growth and development in these countries, has contributed to a reduction in global income inequality by lifting millions out of poverty and increasing their income levels, thus narrowing the income gap between the world's richest and poorest populations.

Emergence of a Large Middle Class in India and China