Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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While wealth has been rising in India, not everyone has shared in this growth. There is still considerable wealth poverty, says Credit Suisse&rsquo;s India wealth report

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    <h1 class="cat-box-title">Richest 10% of Indians own over 3/4th of wealth in India -Manas Chakravarty</h1>
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                            <div align="justify">-Livemint.com<br /><br /><em>While wealth has been rising in India, not everyone has shared in this growth. There is still considerable wealth poverty, says Credit Suisse&rsquo;s India wealth report<br /></em><br />The richest 10% of Indians own 77.4% of the country&rsquo;s wealth, says Credit Suisse in their 2018 Global Wealth Report. The bottom 60%, the majority of the population, own 4.7%. The richest 1% own 51.5% (chart 1 above). And it&rsquo;s not some bleeding-heart NGO that&rsquo;s arrived at these figures, but a blue-blooded Swiss bank.<br /><br />The exact numbers are not important. In the 2016 Credit Suisse report, the share of the richest 1% was higher and in 2017 it was lower. Estimating wealth is not quantum physics and year-to-year changes in wealth shares are dependent upon asset prices and exchange rates. What is remarkable is that, in a democracy, the top 1% has been able to keep its share very high, while the majority meekly accept destitution.<br /><br />Such a high level of disparity raises several questions, not the least of which is the extent to which it subverts democracy. While everybody talks about development these days, a legitimate question from the Credit Suisse data is: whose development are we talking about? Is it development for the top 1%, or for the top 10%, or the poorest 60%?<br /><br />The cornering of the fruits of development by the wealthy and the stark disparity in wealth shares provide fuel for social unrest and rising crime. It increases disaffection and threatens to tear apart the fabric of the nation&mdash;it puts enormous strain on nation-building if the share of the majority in the nation&rsquo;s wealth is less than 5%.<br /><br />Please <a href="https://www.livemint.com/Money/iH2aBEUDpG06hM78diSSEJ/Richest-10-of-Indians-own-over-34th-of-wealth-in-India.html?fbclid=IwAR2FG0yAZqESvXpNuzyrpnnxPVU2taa3OX5BkYbpjEDdMKWXBPQ8aq95ESc" title="https://www.livemint.com/Money/iH2aBEUDpG06hM78diSSEJ/Richest-10-of-Indians-own-over-34th-of-wealth-in-India.html?fbclid=IwAR2FG0yAZqESvXpNuzyrpnnxPVU2taa3OX5BkYbpjEDdMKWXBPQ8aq95ESc">click here</a> to read more.</div>                                                           
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    <h1 class="cat-box-title">Richest 10% of Indians own over 3/4th of wealth in India -Manas Chakravarty</h1>
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                            <div align="justify">-Livemint.com<br /><br /><em>While wealth has been rising in India, not everyone has shared in this growth. There is still considerable wealth poverty, says Credit Suisse&rsquo;s India wealth report<br /></em><br />The richest 10% of Indians own 77.4% of the country&rsquo;s wealth, says Credit Suisse in their 2018 Global Wealth Report. The bottom 60%, the majority of the population, own 4.7%. The richest 1% own 51.5% (chart 1 above). And it&rsquo;s not some bleeding-heart NGO that&rsquo;s arrived at these figures, but a blue-blooded Swiss bank.<br /><br />The exact numbers are not important. In the 2016 Credit Suisse report, the share of the richest 1% was higher and in 2017 it was lower. Estimating wealth is not quantum physics and year-to-year changes in wealth shares are dependent upon asset prices and exchange rates. What is remarkable is that, in a democracy, the top 1% has been able to keep its share very high, while the majority meekly accept destitution.<br /><br />Such a high level of disparity raises several questions, not the least of which is the extent to which it subverts democracy. While everybody talks about development these days, a legitimate question from the Credit Suisse data is: whose development are we talking about? Is it development for the top 1%, or for the top 10%, or the poorest 60%?<br /><br />The cornering of the fruits of development by the wealthy and the stark disparity in wealth shares provide fuel for social unrest and rising crime. It increases disaffection and threatens to tear apart the fabric of the nation&mdash;it puts enormous strain on nation-building if the share of the majority in the nation&rsquo;s wealth is less than 5%.<br /><br />Please <a href="https://www.livemint.com/Money/iH2aBEUDpG06hM78diSSEJ/Richest-10-of-Indians-own-over-34th-of-wealth-in-India.html?fbclid=IwAR2FG0yAZqESvXpNuzyrpnnxPVU2taa3OX5BkYbpjEDdMKWXBPQ8aq95ESc" title="https://www.livemint.com/Money/iH2aBEUDpG06hM78diSSEJ/Richest-10-of-Indians-own-over-34th-of-wealth-in-India.html?fbclid=IwAR2FG0yAZqESvXpNuzyrpnnxPVU2taa3OX5BkYbpjEDdMKWXBPQ8aq95ESc">click here</a> to read more.</div>                                                           
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        LATEST NEWS UPDATES | Richest 10% of Indians own over 3/4th of wealth in India -Manas Chakravarty    </title>
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While wealth has been rising in India, not everyone has shared in this growth. There is still considerable wealth poverty, says Credit Suisse&rsquo;s India wealth report

The richest 10% of Indians own 77.4% of the country&rsquo;s wealth, says Credit Suisse in..."/>
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While wealth has been rising in India, not everyone has shared in this growth. There is still considerable wealth poverty, says Credit Suisse&rsquo;s India wealth report

The richest 10% of Indians own 77.4% of the country&rsquo;s wealth, says Credit Suisse in..." />
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    <h1 class="cat-box-title">Richest 10% of Indians own over 3/4th of wealth in India -Manas Chakravarty</h1>
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                            <div align="justify">-Livemint.com<br /><br /><em>While wealth has been rising in India, not everyone has shared in this growth. There is still considerable wealth poverty, says Credit Suisse&rsquo;s India wealth report<br /></em><br />The richest 10% of Indians own 77.4% of the country&rsquo;s wealth, says Credit Suisse in their 2018 Global Wealth Report. The bottom 60%, the majority of the population, own 4.7%. The richest 1% own 51.5% (chart 1 above). And it&rsquo;s not some bleeding-heart NGO that&rsquo;s arrived at these figures, but a blue-blooded Swiss bank.<br /><br />The exact numbers are not important. In the 2016 Credit Suisse report, the share of the richest 1% was higher and in 2017 it was lower. Estimating wealth is not quantum physics and year-to-year changes in wealth shares are dependent upon asset prices and exchange rates. What is remarkable is that, in a democracy, the top 1% has been able to keep its share very high, while the majority meekly accept destitution.<br /><br />Such a high level of disparity raises several questions, not the least of which is the extent to which it subverts democracy. While everybody talks about development these days, a legitimate question from the Credit Suisse data is: whose development are we talking about? Is it development for the top 1%, or for the top 10%, or the poorest 60%?<br /><br />The cornering of the fruits of development by the wealthy and the stark disparity in wealth shares provide fuel for social unrest and rising crime. It increases disaffection and threatens to tear apart the fabric of the nation&mdash;it puts enormous strain on nation-building if the share of the majority in the nation&rsquo;s wealth is less than 5%.<br /><br />Please <a href="https://www.livemint.com/Money/iH2aBEUDpG06hM78diSSEJ/Richest-10-of-Indians-own-over-34th-of-wealth-in-India.html?fbclid=IwAR2FG0yAZqESvXpNuzyrpnnxPVU2taa3OX5BkYbpjEDdMKWXBPQ8aq95ESc" title="https://www.livemint.com/Money/iH2aBEUDpG06hM78diSSEJ/Richest-10-of-Indians-own-over-34th-of-wealth-in-India.html?fbclid=IwAR2FG0yAZqESvXpNuzyrpnnxPVU2taa3OX5BkYbpjEDdMKWXBPQ8aq95ESc">click here</a> to read more.</div>                                                           
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Richest 10% of Indians own over 3/4th of wealth in India -Manas Chakravarty

Published on Oct 23, 2018   Modified on Oct 23, 2018

-Livemint.com While wealth has been rising in India, not everyone has shared in this growth. There is still considerable wealth poverty, says Credit Suisse’s India wealth report The richest 10% of Indians own 77.4% of the country’s wealth, says Credit Suisse in their 2018 Global Wealth Report. The bottom 60%, the majority of the population, own 4.7%. The richest 1% own 51.5% (chart 1 above). And it’s not some bleeding-heart NGO that’s arrived at these figures, but a blue-blooded Swiss bank. The exact numbers are not important. In the 2016 Credit Suisse report, the share of the richest 1% was higher and in 2017 it was lower. Estimating wealth is not quantum physics and year-to-year changes in wealth shares are dependent upon asset prices and exchange rates. What is remarkable is that, in a democracy, the top 1% has been able to keep its share very high, while the majority meekly accept destitution. Such a high level of disparity raises several questions, not the least of which is the extent to which it subverts democracy. While everybody talks about development these days, a legitimate question from the Credit Suisse data is: whose development are we talking about? Is it development for the top 1%, or for the top 10%, or the poorest 60%? The cornering of the fruits of development by the wealthy and the stark disparity in wealth shares provide fuel for social unrest and rising crime. It increases disaffection and threatens to tear apart the fabric of the nation—it puts enormous strain on nation-building if the share of the majority in the nation’s wealth is less than 5%. Please click here to read more.

Livemint.com, 23 October, 2018, https://www.livemint.com/Money/iH2aBEUDpG06hM78diSSEJ/Richest-10-of-Indians-own-over-34th-of-wealth-in-India.html?fbclid=IwAR2FG0yAZqESvXpNuzyrpnnxPVU2taa3OX5BkYbpjEDdM

Tagged with: Income Distribution Economic Inequality Economic Disparity Wealth Inequality Income Inequality

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