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, …
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. …
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 …
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