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'The poor are catching up. India's middle class isn’t': Fund manager flags policy blindspot - 'The poor are catching up. India's middle class isn’t': Fund manager flags policy blindspot BusinessToday

Summary by Business Today
According to him, the data tells the story. For the low-income group earning under ₹5 lakh a year, income rose from ₹2.4 lakh to ₹3.6 lakh, a compound annual growth rate (CAGR) of 4.0%.
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Business Today broke the news in India on Saturday, April 19, 2025.
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