Inequality report renews question on growth model
1 year ago

Inequality report renews question on growth model

New Indian Express  

India’s income and wealth inequality has touched historic peaks, making it one of the world’s most unequal countries, according to the World Inequality Lab’s new working paper. Authored by renowned economists including Nobel laureate Thomas Piketty, the report estimates the richest citizens, or the top 1 percent, own 40.1 percent of the country’s wealth and 22.6 percent of the total income. The latest paper is an extension of Piketty’s 2014 study, which too pointed out India’s income-wealth gap was worse than during the British Raj and how India’s 1991 liberalisation helped increase the number of billionaires, which Forbes says grew from just one in 1991 to 162 in 2022. Over the past decade, several authors have objected to Piketty’s inequality numbers—not just for India, but also for countries such as the US.

History of this topic

India's billionaires have wealth bigger than Saudi Arabia's GDP. Check details
6 days, 8 hours ago
Equity analysis: India’s billionaire boom isn’t a sign of a hunky-dory economy
1 week, 1 day ago
India's growth paradox: 5th largest economy but low per capita GDP
1 month, 4 weeks ago
A tale of two Indias: Inequality alleviation is a challenge we must tackle head-on
2 months, 3 weeks ago
Budget 2025: How India's wealth shifted to the pockets of top 1%
2 months, 3 weeks ago
‘India must impose more taxes on super-rich’: Economist Thomas Piketty as top 1% hold over 40% of nation’s wealth
3 months, 2 weeks ago
India ranks 3rd globally with 185 billionaires in 2024, wealth up 42%: Report
3 months, 3 weeks ago
Former IAS Anil Swarup publishes flawed analysis comparing GDP per capita with personal wealth, Sucheta Dalal amplifies the same, deletes post after backlash
3 months, 4 weeks ago
India’s Economic Inequality Crisis: How Elite Development Models Failed the Nation
4 months, 3 weeks ago
Kaushik Basu: Future generations would be aghast at today’s inequality
7 months, 4 weeks ago
Is today’s India more unequal than under British rule?
11 months ago
Poverty and inequality debate resurfaces in election season
11 months ago
Mint Primer | Redistribution: Can it benefit India’s poor?
11 months ago
Trivialising the equality debate
11 months, 1 week ago
Towards a less poor and more equal country
11 months, 1 week ago
Inequality, unemployment, inflation in India are at all time high, says Parakala Prabhakar
11 months, 2 weeks ago
Patralekha Chatterjee | Why isn’t rising inequality turning into a poll issue?
1 year ago
Terms of Trade | What explains the disconnect between economic inequality and politics in India?
1 year ago
Inequality rising since 2000s, top one per cent in India holds 40 per cent wealth: study
1 year ago
Top 1% Indians’ income share is higher now than under British-rule: Data
1 year ago
Mint Primer | Mind the income gap: Is India becoming a plutocracy?
1 year ago
Inequality worsening in India with share of top 1% in total income at new high, says new paper co-authored by Piketty
1 year ago
A cap on capitalism: Is it time for India to debate one?
1 year ago
What should India do to become a wealthy nation by 2047?
1 year, 2 months ago
World may have its first trillionaire in next decade. Here’s a list of probables
1 year, 2 months ago
India among top countries with high income, wealth inequality: UNDP report
1 year, 4 months ago
Why are India’s poorest people being left behind?
2 years, 1 month ago
India’s richest 1% own more than 40% of country’s wealth, finds Oxfam inequality report
2 years, 2 months ago
India\'s richest 1% own more than 40% of total wealth: Oxfam
2 years, 2 months ago
India's richest 1 per cent own more than 40 per cent of total wealth: Oxfam
2 years, 2 months ago
India's richest 1% own more than 40% of total wealth: Oxfam
2 years, 2 months ago
Aakar Patel | Can India do what it takes to make a big leap forward?
2 years, 6 months ago
Can India break into high-income league by 2047?
2 years, 7 months ago
The inequality challenge for India@75
2 years, 7 months ago
Income Inequality Declined in India During Covid-19, Nation Managed Shocks Well: SBI Report
2 years, 9 months ago
The relevance of a hypothesis on inequality caused by selfishness
2 years, 9 months ago
Inequality worries bigger than what NFHS illustrates
2 years, 10 months ago
Is inequality natural or a political-ideological creation?
2 years, 10 months ago
'Questionable Methodology': Union Finance Minister Nirmala Sitharaman Criticises World Inequality Report 2022
3 years ago
World Inequality Report ‘flawed’, methodology ‘questionable’: Sitharaman
3 years ago
Number Theory: How rich are India’s richest – and how poor are the rest?
3 years ago
What should the government do to address deepening inequality?
3 years, 2 months ago
Number of Indian billionaires rose to 142 in 2021
3 years, 2 months ago
The cold truth about India’s income inequality
3 years, 3 months ago
What rising inequality means
3 years, 3 months ago
Global (and Indian) trends in inequality
3 years, 3 months ago
India among most unequal nations; top 1 per cent of population holds 22 per cent of national income: Report
3 years, 3 months ago
India Among Most Unequal Nations; Top 1% Hold 22% Of National Income: Inequality Report
3 years, 3 months ago
India among most unequal nations; top 1% of population holds 22% of national income: report
3 years, 3 months ago

Discover Related