India appears to be completing the long, visible step from mass extreme poverty to broadly middle‑class living standards: official indicators show steep poverty decline, HDI gains roughly where China was in the late 2000s, and sustained ~6–8% growth that could double living standards every decade. Unlike narratives that pit India and China as symmetric competitors for hegemonic tech leadership, India’s near‑term task is simpler and plausibly achievable — large‑scale infrastructure, job creation, and social transfers to consolidate gains.
— If India indeed transitions to upper‑middle income within a generation, it will reshape global markets, migration flows, geopolitical balance in Asia, and development policy prescriptions for other large, low‑income states.
Noah Smith
2026.11.11
100% relevant
Myriad data points Smith cites: Our World in Data and World Bank series showing extreme‑poverty decline and HDI parity with China’s late 2000s, plus Bloomberg and World Bank growth forecasts (6.5–8%) and World Bank attribution of gains to consumption growth, employment and transfers.
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