Invisible, volatile middle India

In the decade after liberalisation, 'invisible India' referred to the poor, barely earning, mostly rural India, which many said had got lost as policymakers' attention was focused on the so-called middle class, whose steeply-increasing consumption was very important for GDP growth. Also, it was this consumption juggernaut that would attract FDI and vibrant domestic investment, and cause trickle-down of aspiration and incomes, and create jobs down the income ladder.

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