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Time Magazine
The Respect They Deserve
| December 7, 2004 - 02:19India's rich are doing well, and good for them--but the growing middle class in the real story
There will always be rich people and poor, but a good society Aristotle says, is the one “where the middle class is in control and outnumbers both the other classes." Yes, India has its share of billionaires, and a quarter of its people are poor, but the most striking characteristic of today's India is the explosive growth in the middle class.