Question : The economic reforms in India led to the emergence of a new middle class that is characterized by:
Option 1: Traditional values and lifestyles
Option 2: High levels of agricultural involvement
Option 3: Consumerist lifestyles and increased purchasing power
Option 4: Strong ties to the rural economy
Correct Answer: Consumerist lifestyles and increased purchasing power
Solution : The economic reforms in India led to the emergence of a new middle class characterized by consumerist lifestyles, increased purchasing power, and a shift towards service-oriented employment.
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