Which of the following statements best describes the 21st century economic realities of India?
◦ vast poverty with little to no emerging middle class
◦ a large, prosperous middle class with far smaller numbers of people who are either extremely poor or extremely wealthy
◦ an emerging middle class numbering some 270 million people but with large numbers of people still well below the poverty line
◦ poverty exists but only in rural areas
◦ the gap between the extremely wealthy and extremely poor has closed in recent decades in India