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

Middle Class

A socio-economic class between the working class and upper class, typically associated with moderate income, higher education levels, and stable employment.

Global Inequality

The unequal distribution of resources, wealth, opportunities, and power across countries and within societies worldwide.

India

A country in South Asia, known for its diverse cultures, languages, and history as one of the world's oldest civilizations.