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3 months, 1 week ago

It maybe the best of times, but it is surely the worst of times

Dr Manmohan Singh, former PM and finance minister who launched India’s 1991 economic reforms, died last week. According to the 2024 World Inequality Lab report, the top one per cent of Indians own 22.6 per cent of income, while the top 10 per cent own 57.7 per cent. In contrast, the bottom 50 per cent earn only 15 per cent of income. The top one per cent has an annual per capita income of Rs 53 lakh, while the bottom 50 per cent have Rs 71,163 per annum, placing half of India’s population below most of Sub-Saharan Africa.

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Ranked 129, India marginally improves in human development index in 2018

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‘Inequality pulls back India’

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