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Indians are the biggest believers of the ‘rags to riches’ story: Study

A survey by the World Economic Forum (WEF) of over 10,000 adults in 29 countries shows that Indians, more than any other nationality, believe it is common for someone in their country to start poor, work hard, and ultimately become rich.

People in India have the highest confidence in upward social mobility and according to the study this confidence in their ability to climb the social ladder corresponds to their faith in the country’s schooling system.

Interestingly, this is in stark contrast to the UN Human Development Index for 2017 which puts India at the 132nd rank among 189 countries when it comes to the years of schooling received by individuals in the country. An average Indian, with 12 years of schooling, is unlikely to have a college degree according to the UN Human Development Index.

Both reports can be read in detail on http://www3.weforum.org/docs/WEF_globalization4_Jan18.pdf and http://hdr.undp.org/en/indicators/103706

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