According to data published by the Pew Research Center, India is estimated to have had a shrinking middle class as a result of the global recession brought on by the COVID-19 pandemic. It is estimated that the number of people in India living on less than $2 per day grew by 75 million people in 2020.
Changes in income tiers as a result of COVID-19 global recession in India in 2020
(in millions of people)
The source states: "The poor live on $2 or less daily, low income on $2.01 - $10, middle income on $10.01 - $20, upper middle income on $20.01 - $50, and high income on more than $50; figures expressed in 2011 purchasing power parities in 2011 prices."
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Pew Research Center. (March 18, 2021). Changes in income tiers as a result of COVID-19 global recession in India in 2020 (in millions of people) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1266065/india-changes-in-income-tiers/
Pew Research Center. "Changes in income tiers as a result of COVID-19 global recession in India in 2020 (in millions of people)." Chart. March 18, 2021. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1266065/india-changes-in-income-tiers/
Pew Research Center. (2021). Changes in income tiers as a result of COVID-19 global recession in India in 2020 (in millions of people). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1266065/india-changes-in-income-tiers/
Pew Research Center. "Changes in Income Tiers as a Result of Covid-19 Global Recession in India in 2020 (in Millions of People)." Statista, Statista Inc., 18 Mar 2021, https://www.statista.com/statistics/1266065/india-changes-in-income-tiers/
Pew Research Center, Changes in income tiers as a result of COVID-19 global recession in India in 2020 (in millions of people) Statista, https://www.statista.com/statistics/1266065/india-changes-in-income-tiers/ (last visited October 31, 2024)
Changes in income tiers as a result of COVID-19 global recession in India in 2020 (in millions of people) [Graph], Pew Research Center, March 18, 2021. [Online]. Available: https://www.statista.com/statistics/1266065/india-changes-in-income-tiers/
