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<p>that elites (i.e. the top 10%) are accumulating wealth at a greater rate than the middle class, that rather than growing, India's middle class may be shrinking in size.</p>

<p><big>Africa</big></p>
<p>According to a 2014 study by Standard Bank economist Simon Freemantle, a total of 15.3 million households in 11 surveyed nations of <a href="page.php?w=Africa">Africa</a> are middle class: <a href="page.php?w=Angola">Angola</a>, <a href="page.php?w=Ethiopia">Ethiopia</a>, <a href="page.php?w=Ghana">Ghana</a>, <a href="page.php?w=Kenya">Kenya</a>, <a href="page.php?w=Mozambique">Mozambique</a>,</p><p>
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