India among top countries with high income, wealth inequality: UNDP report
1 year, 1 month ago

India among top countries with high income, wealth inequality: UNDP report

Live Mint  

India has emerged among top countries with high income and wealth inequality but the share of the population living in multidimensional poverty fell from 25 to 15 per cent between 2015-16 and 2019-21, the UNDP said in a new report. Despite these successes, poverty remains persistently concentrated in states that are home to 45 per cent of the country's population but contain 62 per cent of its poor, the report pointed out. The groups at greater risk of falling back into poverty include women, informal workers, and inter-state migrants,” the United Nations Development Programme said in its report. Noting that women are only 23 per cent of the labour force, the report said that amidst rapid growth but persistent disparity, the income distribution has become more skewed.

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History of this topic

Former IAS Anil Swarup publishes flawed analysis comparing GDP per capita with personal wealth, Sucheta Dalal amplifies the same, deletes post after backlash
2 weeks, 4 days ago

Former IAS Anil Swarup publishes flawed analysis comparing GDP per capita with personal wealth, Sucheta Dalal amplifies the same, deletes post after backlash

Op India  

On the 3rd of December, Anil Swarup, a former IAS officer and Founder Chairman of Nexus of Good wrote a social media post that stirred criticism for its inaccurate depiction of wealth distribution in India. Wealth and income conflation, pointless wealth exclusions, sensationalised wealth inequality and fallacious wealth distribution argument: Anil Swarup’s analysis Anil Swarup’s analysis confused GDP per capita, …

India to contribute 20 pc of global workforce growth between 2023-2050, China share to decline: Report
1 month ago

India to contribute 20 pc of global workforce growth between 2023-2050, China share to decline: Report

Live Mint  

New Delhi, : India is set to play a pivotal role in global workforce growth, contributing 20 per cent of it between 2023 and 2050, according to a report by Angel One Wealth. It said "By 2030 high-income households are expected to triple, while middle-income households will nearly double making India the fastest-growing nation in terms of per capita income". …

India to contribute 20 pc of global workforce growth between 2023-50, China share to decline: Report
1 month ago

India to contribute 20 pc of global workforce growth between 2023-50, China share to decline: Report

New Indian Express  

NEW DELHI: India is set to play a pivotal role in global workforce growth, contributing 20 per cent of it between 2023 and 2050, according to a report by Angel One Wealth. It said, "By 2030 high-income households are expected to triple, while middle-income households will nearly double making India the fastest-growing nation in terms of per capita income". The …

NITI Aayog Envisions India as $30 Trillion Economy by 2047
4 months, 3 weeks ago

NITI Aayog Envisions India as $30 Trillion Economy by 2047

Deccan Chronicle  

New Delhi: India's policy think-tank NITI Aayog said that the country needs to strive to be a $30 trillion economy — almost nine times from today's $3.36 trillion, with a per capita income of $18,000 per annum by 2047, according to its approach paper for vision for Vikshit Bharat in 2047. “The gross domestic product or GDP would have to …

Economic Survey 2023-24: Tax policies to have major role in tackling income inequality
5 months ago

Economic Survey 2023-24: Tax policies to have major role in tackling income inequality

New Indian Express  

NEW DELHI: Tax policies will have a major role to play in tackling income inequality in the coming years as deployment of technology, like AI, can have a more deleterious impact on employment and income, the Economic Survey said on Monday. The 2022 State of Inequality in India report observed that in India, the top 1 per cent accounts for …

India logs fall in inequality between 2011-12 and 2022-23, says govt report
6 months, 2 weeks ago

India logs fall in inequality between 2011-12 and 2022-23, says govt report

Hindustan Times  

Inequality in both rural and urban areas of India fell between 2011-12 and 2022-23, according to a full report on Household Consumption Expenditure released on Friday by the National Sample Survey Office. The full report released Friday shows a fall in the Gini coefficient, a commonly used measure of inequality, for both rural and urban spending between 2011-12 and 2022-23 …

Make the poor richer without making the rich poorer
7 months, 2 weeks ago

Make the poor richer without making the rich poorer

The Hindu  

Since the Congress party released its election manifesto on April 5, the word ‘redistribution’ has dominated the election discourse. Prime Minister Narendra Modi alleges that the Congress’ manifesto promises to ‘redistribute’ wealth by taking away people’s gold, mangalsutras, imposing new taxes and giving it to poor minorities. ‘Fix the system’ The idea of a wealth tax to extract from the …

Is today’s India more unequal than under British rule?
7 months, 3 weeks ago

Is today’s India more unequal than under British rule?

Al Jazeera  

India’s top 1 percent holds more income today than it did under the British, new research shows. “So 90 percent of the population is not even making the GDP per capita of India,” Kumar said. Looking back at the BJP’s 2014 poll promises, Bharti said that “what we are actually observing 10 years later in terms of inequality is exactly …

Poverty and inequality debate resurfaces in election season
7 months, 3 weeks ago

Poverty and inequality debate resurfaces in election season

Hindustan Times  

As Indians heads to the poll this season, a new chapter is being written in a very old debate about poverty and inequality in India. This debate has been stirred up by the release of new data from a government- The economist Maitreesh Ghatak spoke about the resurgent debate over poverty and inequality on last week’s episode of Grand Tamasha, …

Mint Primer | Redistribution: Can it benefit India’s poor?
7 months, 3 weeks ago

Mint Primer | Redistribution: Can it benefit India’s poor?

Live Mint  

Theoretically, redistribution of wealth is a good way to bring down economic inequality. Bharatiya Janata Party has portrayed this idea as an attempt by the Congress Party to grab people’s wealth and redistribute it, especially to minorities. According to a study published by The World Inequality Lab, richest 1% of Indians now own as much as 40% of the country’s …

Trivialising the equality debate
7 months, 3 weeks ago

Trivialising the equality debate

Hindustan Times  

That India is among the rare exceptions in the Global South which has embraced privatisation and globalisation without a major economic crisis is a fact often not appreciated enough. Rising capital intensity in most high value sectors has made generating better paying jobs outside farms more difficult today. The BJP, which is clearly aware of the generalised economic discontent over …

Towards a less poor and more equal country
7 months, 4 weeks ago

Towards a less poor and more equal country

The Hindu  

In March, World Inequality Lab, a global research centre focused on inequality and public policies, published a working paper titled, ‘Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj’. It states that “the ‘Billionaire Raj’ headed by India’s modern bourgeoisie is now more unequal than the British Raj headed by the colonialist forces.” Inequality undermines both …

Inequality, unemployment, inflation in India are at all time high, says Parakala Prabhakar
8 months ago

Inequality, unemployment, inflation in India are at all time high, says Parakala Prabhakar

The Hindu  

Inequality, unemployment among youth, inflation of various commodities and household debt are at an all-time high in the country, said political economist Parakala Prabhakar, in Chennai on April 16. Speaking at a national colloquium on the present political situation titled “The values at stake,” organised by Chennai Thinker’s Forum, Mr. Prabhakar, who is also the author of the book The …

Patralekha Chatterjee | Why isn’t rising inequality turning into a poll issue?
8 months, 3 weeks ago

Patralekha Chatterjee | Why isn’t rising inequality turning into a poll issue?

Deccan Chronicle  

The view from the penthouse and the pavement is staggeringly different. By 2022-23, the top one per cent income and wealth shares are at their highest historical levels; India’s top one per cent income share is among the very highest in the world, higher than even South Africa, Brazil, and the United States, notes the paper, titled “Income and Wealth …

Terms of Trade | What explains the disconnect between economic inequality and politics in India?
8 months, 3 weeks ago

Terms of Trade | What explains the disconnect between economic inequality and politics in India?

Hindustan Times  

The Paris-based World Inequality Lab recently published a paper which claims that economic inequality in India is the highest it has ever been since the British Raj. Even the most vocal supporters of the government or those who criticise the likes of World Inequality Lab paper authors will not argue that inequality has been eradicated like extreme poverty in India. …

Inequality rising since 2000s, top one per cent in India holds 40 per cent wealth: study
9 months ago

Inequality rising since 2000s, top one per cent in India holds 40 per cent wealth: study

The Hindu  

Published : Mar 23, 2024 13:17 IST - 5 MINS READ Inequality in India has skyrocketed since the early 2000s, with the income and wealth share of the top one per cent of the population rising to 22.6 per cent and 40.1 per cent, respectively, in 2022-23, according to a working paper. The paper authored by Thomas Piketty, Lucas Chancel, …

Top 1% Indians’ income share is higher now than under British-rule: Data
9 months ago

Top 1% Indians’ income share is higher now than under British-rule: Data

The Hindu  

March 23, 2024 08:28 am | Updated 05:23 pm IST In 2022, 22.6% of the national income went to the top 1% of Indians. Chart 2 | The chart shows the year-wise share of national income for the top 10%, the bottom 50% and the middle 40% of the population To start with, in the 1950s and 60s, the income …

Inequality report renews question on growth model
9 months 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 …

Mint Primer | Mind the income gap: Is India becoming a plutocracy?
9 months ago

Mint Primer | Mind the income gap: Is India becoming a plutocracy?

Live Mint  

Income and wealth inequality in India are at a historical peak with the share of the richest 1% higher than in countries like China and Brazil, finds a new study by the World Inequality Lab. Inequality in India declined post-independence till early-1980s, after which it began rising and skyrocketed beginning 2000s, shows the report titled ‘Income and Wealth Inequality in …

Inequality worsening in India with share of top 1% in total income at new high, says new paper co-authored by Piketty
9 months ago

Inequality worsening in India with share of top 1% in total income at new high, says new paper co-authored by Piketty

Hindustan Times  

The share of the top 1% of Indians in total income and wealth is expected to have reached its highest ever level in 2022-23, according to a working paper published by the World Inequality Lab at the Paris School of Economics. The working paper by four economics researchers – Nitin Kumar Bharti, Lucas Chancel, Thomas Piketty, and Anmol Somanchi – …

A cap on capitalism: Is it time for India to debate one?
9 months ago

A cap on capitalism: Is it time for India to debate one?

Live Mint  

Growing income disparity in an economy like India, with over 800 million people deemed in need of free food from the government, does not augur well for its developmental ambitions. An income cap could possibly curb excessive wealth accumulation among the ultra-rich and address extreme income disparity. Any drastic measure like the 2016 demonetization to cap income or wealth could …

Has poverty really dropped to 5% in India?
9 months, 1 week ago

Has poverty really dropped to 5% in India?

The Hindu  

Subrahmanyam recently claimed that less than 5% of Indians now live below the poverty line. Mr. Subrahmanyam argued that the average consumption expenditure in the bottom 5% of India’s population, as estimated by the survey, is about the same as the poverty line in India, suggesting that the poverty rate in India is somewhere in the range of 0 to …

Has poverty really dropped to 5% in India?
9 months, 1 week ago

Has poverty really dropped to 5% in India?

The Hindu  

Subrahmanyam recently claimed that less than 5% of Indians now live below the poverty line. Mr. Subrahmanyam argued that the average consumption expenditure in the bottom 5% of India’s population, as estimated by the survey, is about the same as the poverty line in India, suggesting that the poverty rate in India is somewhere in the range of 0 to …

Terms of Trade | Will HCES findings change politics in India?
9 months, 3 weeks ago

Terms of Trade | Will HCES findings change politics in India?

Hindustan Times  

When the government publishes the data for the 2022-23 Household Consumption Expenditure Survey, India will see a big debate on consumption levels, inequality and poverty. From the Mahatma Gandhi Rural Employment Guarantee Scheme and the National Food Security Act under the United Progressive Alliance era to the Narendra Modi government significantly expanding the scope of asset transfer programmes such as …

Poverty levels below 5%, claims NITI Aayog chief
9 months, 4 weeks ago

Poverty levels below 5%, claims NITI Aayog chief

The Hindu  

Less than 5% of Indians are now expected to be below the poverty line, and extreme destitution has almost gone away, a top government official asserted on February 25, citing the findings of the Household Consumption Expenditure Survey for 2022-23. Subrahmanyam, the chief executive officer of the Centre’s think tank Niti Aayog, averred that growth is “broad-based” with rural Indians’ …

What should India do to become a wealthy nation by 2047?
10 months, 3 weeks ago

What should India do to become a wealthy nation by 2047?

The Hindu  

In the first session of The Hindu Lit Fest 2024, N. Ravi, Chairman of Kasturi and Sons Limited; Jayati Ghosh, Professor of Economics at the University of Massachusetts Amherst; Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission; Sanjay Kaul, development policy analyst and former IAS officer; and T.N. Along with inclusive growth, you also need the development of …

Multidimensional poverty: Can we eliminate it within a decade?
11 months ago

Multidimensional poverty: Can we eliminate it within a decade?

Live Mint  

Going by Niti Aayog’s latest assessment, India has made substantial gains in its fight against deprivation. The Niti Aayog’s index has a formula that echoes what the United Nations Development Programme uses for multidimensional poverty, with parameters that differ slightly. Since the central think-tank’s 12 counts include several that targeted programmes can move the needle on—like nutrition, child mortality, sanitation, …

Naysayers Have It Wrong, Incomes in India Are Rising
1 year ago

Naysayers Have It Wrong, Incomes in India Are Rising

News 18  

The state of income in India has suddenly become a topic of raging discussion after former RBI Governor Raghuram Rajan and economist Rohit Lamba suggested that the country cannot escape the lower-middle income trap by 2047. India’s gross direct tax collections in the ongoing financial year, until November 9, have increased almost 18 per cent to Rs 12.37 lakh crore. …

415 mn Indians no longer poor, says UN
1 year, 5 months ago

415 mn Indians no longer poor, says UN

Live Mint  

As many as 415 million Indians moved out of poverty in the 15-year period between 2005/2006 and 2019/2021, the UN said in a report on Tuesday. “Countries halved their MPI in periods as short as four to 12 years, demonstrating the feasibility of the Sustainable Development Goal target of halving poverty according to national definitions within 15 years,” it added. …

415 million Indians came out of multidimensional poverty in 15 years, says UNDP study
1 year, 5 months ago

415 million Indians came out of multidimensional poverty in 15 years, says UNDP study

The Hindu  

A total of 415 million people moved out of poverty in India within just 15 years from 2005/2006 to 2019/2021, the United Nations said on July 11, highlighting the remarkable achievement by the world's most populous nation. "Notably, India saw a remarkable reduction in poverty, with 415 million people exiting poverty within a span of just 15 years," the report …

Claims of spike in poverty in India during COVID-19 patently false, says paper co-authored by Arvind Panagariya
1 year, 9 months ago

Claims of spike in poverty in India during COVID-19 patently false, says paper co-authored by Arvind Panagariya

The Hindu  

Claims of a spike in poverty and inequality in India during the COVID-19 pandemic are patently false as such claims are based on uncomparable different surveys, according to a paper co-authored by eminent economist Arvind Panagariya. Mr. Panagariya, Columbia University Professor and former Vice-Chairman of NITI Aayog and Vishal More of Intelink Advisors, New Delhi have co-authored a detailed paper …

India's Per Capita Income Doubles Since 2014-15
1 year, 9 months ago

India's Per Capita Income Doubles Since 2014-15

News 18  

India’s per capita income in nominal terms doubled to Rs 1,72,000 since 2014-15 when the Narendra Modi-led NDA came to power but uneven income distribution remains a challenge. “You are looking at GDP in current prices, but if you account for inflation, the increase is much less,” said noted development economist Jayati Ghosh on doubling of per capita income in …

India's per capita income doubled since 2014-15, but uneven income distribution remains a challenge
1 year, 9 months ago

India's per capita income doubled since 2014-15, but uneven income distribution remains a challenge

India Today  

Despite India's per capita income in nominal terms doubling to Rs 1,72,000 since the Narendra Modi-led NDA came to power in 2014-15, the issue of uneven income distribution remains a persistent challenge, experts were quoted as saying by news agency PTI. However, after adjusting for inflation, the per capita income has risen by approximately 35 per cent from Rs 72,805 …

Addressing gender inequalities: India needs bold steps
1 year, 10 months ago

Addressing gender inequalities: India needs bold steps

Hindustan Times  

India, which assumed presidency of G20 this year, has stated that it will prioritise inclusive growth and development, with women empowerment and representation at the forefront of its G20 discussions. This indeed is a desirable objective, given the large gender inequalities that exist in several G20 member countries, especially in India, which also gets reflected in its overall human development …

Why are India’s poorest people being left behind?
1 year, 10 months ago

Why are India’s poorest people being left behind?

Al Jazeera  

On Tuesday, February 7 at 19:30 GMT: India’s BJP-led government says its final budget before a general election in 2024 will spur economic growth, but opposition politicians are among critics who say it fails to address ever-deepening income and wealth inequality highlighted by anti-poverty groups. But it does not include the re-introduction of a wealth tax on the rich that …

India’s richest 1 per cent own more than 40 per cent of total wealth: Oxfam
1 year, 11 months ago

India’s richest 1 per cent own more than 40 per cent of total wealth: Oxfam

The Hindu  

Published : Jan 16, 2023 15:59 IST The richest one per cent in India now own more than 40 per cent of the country’s total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on January 16. Releasing the India supplement of its annual inequality report on the first …

India\'s richest 1% own more than 40% of total wealth: Oxfam
1 year, 11 months ago

India\'s richest 1% own more than 40% of total wealth: Oxfam

Deccan Chronicle  

Davos: The richest one per cent in India now own more than 40 per cent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday. Releasing the India supplement of its annual inequality report on the first day of the World Economic Forum Annual …

India's richest 1 per cent own more than 40 per cent of total wealth: Oxfam
1 year, 11 months ago

India's richest 1 per cent own more than 40 per cent of total wealth: Oxfam

Firstpost  

Davos: The richest one per cent in India now own more than 40 per cent of the country’s total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday. Releasing the India supplement of its annual inequality report on the first day of the World Economic Forum Annual …

India's richest 1% own more than 40% of total wealth: Oxfam
1 year, 11 months ago

India's richest 1% own more than 40% of total wealth: Oxfam

The Hindu  

The richest 1% in India now own more than 40% of the country's total wealth, while the bottom half of the population together share just 3% of wealth, a new study showed on Monday. Releasing the India supplement of its annual inequality report on the first day of the World Economic Forum Annual Meeting in Davos, rights group Oxfam International …

The perils of undoing the framework of reservation
2 years ago

The perils of undoing the framework of reservation

The Hindu  

Early last month, the Supreme Court of India upheld the 103rd Constitutional Amendment Act, which had introduced 10% reservation for the economically weaker sections. However, delegitimising caste as a basis for policy is a monumental mistake with real consequences, given the deepening of wealth inequality on caste lines. The latest survey, the All India Debt & Investment Survey released in …

We’ve made significant progress on poverty reduction
2 years, 1 month ago

We’ve made significant progress on poverty reduction

Live Mint  

Some great news and some not so good news. Titled Unpacking Deprivation Bundles to Reduce Multidimensional Poverty, the report is based on robust household survey data from 111 underlying developing countries and covers 6.1 billion people. As India’s population has quadrupled in the 75 years since Independence, India’s progress on poverty reduction has been steady, particularly in the last 30 …

It\'s time BJP wakes up to people\'s woes, says Kumaraswamy
2 years, 2 months ago

It\'s time BJP wakes up to people\'s woes, says Kumaraswamy

Deccan Chronicle  

BENGALURU: Endorsing the views expressed by organising secretary of Rashtriya Swayamsevak Sangh Dattareya Hosabale that economic inequality, poverty and unemployment are dangerous for the country, Janata Dal Secular leader and former Chief Minister H.D. Kumaraswamy on Monday said economic inequality in the country is a black dot when the country is celebrating its Amrit Mahotsav of country’s Independence. “People’s frustration …

Hosabale’s statement raises question on claims of ‘achche din’: HDK
2 years, 2 months ago

Hosabale’s statement raises question on claims of ‘achche din’: HDK

The Hindu  

Former Chief Minister H.D. Kumaraswamy on Monday said RSS national general secretary Dattatreya Hosabale’s statement that economic inequality, poverty and unemployment are very dangerous holds a mirror to the present condition in India, besides raising big questions over claims of “achche din” by the Union government. A total of 23 crore people are earning less that ₹375 per day while …

Rising Poverty, Income Inequality: RSS Leader Hosabale Flags 'Demon-like Challenges' Ailing Country
2 years, 2 months ago

Rising Poverty, Income Inequality: RSS Leader Hosabale Flags 'Demon-like Challenges' Ailing Country

News 18  

Rashtriya Swayamsevak Sangh general secretary Dattatreya Hosabale on Sunday expressed concern over alleged rising income inequality and unemployment in the country, asserting that poverty is posing as a “demon-like challenge in front of us.” Hosabale, however, said several steps have been taken in the last few years to address this challenge. Besides poverty, “inequality and unemployment are other two challenges …

Poverty, unemployment are demons in today’s world: RSS
2 years, 2 months ago

Poverty, unemployment are demons in today’s world: RSS

The Hindu  

Poverty and unemployment are demons in today’s world, said general secretary of Rashtriya Swayamsevak Sangh Dattatreya Hosabale on Sunday. Unemployment rate is also very distressing as the current rate is 7.6%,” said Mr. Hosabale who also quoted a United Nations Human Development Index report. Livelihood is also a big problem as per the UN report which also stated that conflicts …

India is a rich country with poor population facing issues like starvation, unemployment: Gadkari
2 years, 2 months ago

India is a rich country with poor population facing issues like starvation, unemployment: Gadkari

The Hindu  

Union Minister Nitin Gadkari on Thursday said even as India has emerged as the world's fifth largest economy and although the country is rich, its population is poor, facing issues like starvation, unemployment, casteism, untouchability and inflation. Our country is rich, but the population is poor facing starvation, unemployment, poverty, inflation, casteism, untouchability and other factors that are not good …

India is a rich country with poor population facing issues like starvation: Gadkari
2 years, 2 months ago

India is a rich country with poor population facing issues like starvation: Gadkari

Deccan Chronicle  

NAGPUR: Union minister Nitin Gadkari on Thursday said even as India has emerged as the world's fifth largest economy and although the country is rich, its population is poor, facing issues like starvation, unemployment, casteism, untouchability and inflation. Our country is rich, but the population is poor facing starvation, unemployment, poverty, inflation, casteism, untouchability and other factors that are not …

Aakar Patel | Can India do what it takes to make a big leap forward?
2 years, 3 months ago

Aakar Patel | Can India do what it takes to make a big leap forward?

Deccan Chronicle  

India has overtaken the United Kingdom to become the world’s fifth largest economy. In the 10 years till 1993, that nation grew its GDP by 15 per cent each year to reach $8,884. The World Bank’s data shows that India’s per capita income in 1960 was $82, while China’s was $89. To grow at 15 per cent per year is …

Number Theory: Fine print of India’s fifth largest economy status
2 years, 3 months ago

Number Theory: Fine print of India’s fifth largest economy status

Hindustan Times  

India has surged past United Kingdom to become the fifth largest economy in the world, IMF said on September 2. A historical look at India’s global GDP ranking A historical look at the IMF’s World Economic Outlook database shows that the Indian economy has made rapid gains in terms of global GDP ranking in the past decade and half. IMF’s …

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