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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        LATEST NEWS UPDATES |  The cold truth about India’s income inequality -Seema Chishti    </title>
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Far from pushing for social and economic equality, the state is fanning systems and principles to strengthen the divide

The latest edition of the World Inequality Report (https://bit.ly/3Fx8vv4 and https://bit.ly/3EvazlY) has confirmed that the world continues to sprint down the..."/>
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     <meta property="og:description" content="-The Hindu

Far from pushing for social and economic equality, the state is fanning systems and principles to strengthen the divide

The latest edition of the World Inequality Report (https://bit.ly/3Fx8vv4 and https://bit.ly/3EvazlY) has confirmed that the world continues to sprint down the..." />
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		 Published on</span><span class="text-date"> Dec 28, 2021</span>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Far from pushing for social and economic equality, the state is fanning systems and principles to strengthen the divide</em></p><p style="text-align:justify">The latest edition of the World Inequality Report (<a href="https://bit.ly/3Fx8vv4" title="https://bit.ly/3Fx8vv4">https://bit.ly/3Fx8vv4</a> and <a href="https://bit.ly/3EvazlY" title="https://bit.ly/3EvazlY">https://bit.ly/3EvazlY</a>) has confirmed that the world continues to sprint down the path of inequality. &ldquo;Global multimillionaires have captured a disproportionate share of global wealth growth over the past several decades: the top 1% took 38% of all additional wealth accumulated since the mid-1990s, whereas the bottom 50% captured just 2% of it.&rdquo; India&rsquo;s case is particularly stark. The foreword by Nobel laureate economists, Abhijit Banerjee and Esther Duflo, says, &ldquo;India is now among the most unequal countries in the world.&rdquo; This means that the gap between the top 1% and the bottom 50% is widest for India among the major economies in the world. The gap is wider in India than the United States, the United Kingdom, China, Russia and France.</p><p style="text-align:justify"><em>Poverty has persisted</em></p><p style="text-align:justify">The journey of this inequality over time reveals that &ldquo;socialist-inspired Five Year plans contributed&rdquo; to reducing the share of the top 10% who had 50% of the income under colonial rule, to 35%-40% in the early decades after Independence. However, since the mid-1980s, deregulation and liberalisation policies have led to &ldquo;one of the most extreme increases in income and wealth inequality observed in the world&rdquo;. While the top 1% has majorly profited from economic reforms, growth among low- and middle-income groups has been relatively slow, and poverty has persisted.</p><p style="text-align:justify">In recent years, on the economic front, India, post-2014, seems to have got into a phase of an even greater reliance on big business and privatisation to fix economics and the result has been to beget even more inequality. The latest World Inequality Report firmly concludes that the &ldquo;bottom 50% share has gone down to 13%. India stands out as a poor and very unequal country, with an affluent elite&rdquo;.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/lead/the-cold-truth-about-indias-income-inequality/article38050949.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/the-cold-truth-about-indias-income-inequality/article38050949.ece?homepage=true">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.thehindu.com/opinion/lead/the-cold-truth-about-indias-income-inequality/article38050949.ece?homepage=true" class="re" target="_blank">The Hindu, 28 December, 2021, https://www.thehindu.com/opinion/lead/the-cold-truth-about-indias-income-inequality/article38050949.ece?homepage=true</a><div class="clear"></div>
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Far from pushing for social and economic equality, the state is fanning systems and principles to strengthen the divide

The latest edition of the World Inequality Report (https://bit.ly/3Fx8vv4 and https://bit.ly/3EvazlY) has confirmed that the world continues to sprint down the..."/>
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Far from pushing for social and economic equality, the state is fanning systems and principles to strengthen the divide

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    <h1 class="cat-box-title"> The cold truth about India’s income inequality -Seema Chishti</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Far from pushing for social and economic equality, the state is fanning systems and principles to strengthen the divide</em></p><p style="text-align:justify">The latest edition of the World Inequality Report (<a href="https://bit.ly/3Fx8vv4" title="https://bit.ly/3Fx8vv4">https://bit.ly/3Fx8vv4</a> and <a href="https://bit.ly/3EvazlY" title="https://bit.ly/3EvazlY">https://bit.ly/3EvazlY</a>) has confirmed that the world continues to sprint down the path of inequality. &ldquo;Global multimillionaires have captured a disproportionate share of global wealth growth over the past several decades: the top 1% took 38% of all additional wealth accumulated since the mid-1990s, whereas the bottom 50% captured just 2% of it.&rdquo; India&rsquo;s case is particularly stark. The foreword by Nobel laureate economists, Abhijit Banerjee and Esther Duflo, says, &ldquo;India is now among the most unequal countries in the world.&rdquo; This means that the gap between the top 1% and the bottom 50% is widest for India among the major economies in the world. The gap is wider in India than the United States, the United Kingdom, China, Russia and France.</p><p style="text-align:justify"><em>Poverty has persisted</em></p><p style="text-align:justify">The journey of this inequality over time reveals that &ldquo;socialist-inspired Five Year plans contributed&rdquo; to reducing the share of the top 10% who had 50% of the income under colonial rule, to 35%-40% in the early decades after Independence. However, since the mid-1980s, deregulation and liberalisation policies have led to &ldquo;one of the most extreme increases in income and wealth inequality observed in the world&rdquo;. While the top 1% has majorly profited from economic reforms, growth among low- and middle-income groups has been relatively slow, and poverty has persisted.</p><p style="text-align:justify">In recent years, on the economic front, India, post-2014, seems to have got into a phase of an even greater reliance on big business and privatisation to fix economics and the result has been to beget even more inequality. The latest World Inequality Report firmly concludes that the &ldquo;bottom 50% share has gone down to 13%. India stands out as a poor and very unequal country, with an affluent elite&rdquo;.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/lead/the-cold-truth-about-indias-income-inequality/article38050949.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/the-cold-truth-about-indias-income-inequality/article38050949.ece?homepage=true">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.thehindu.com/opinion/lead/the-cold-truth-about-indias-income-inequality/article38050949.ece?homepage=true" class="re" target="_blank">The Hindu, 28 December, 2021, https://www.thehindu.com/opinion/lead/the-cold-truth-about-indias-income-inequality/article38050949.ece?homepage=true</a><div class="clear"></div>
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        LATEST NEWS UPDATES |  The cold truth about India’s income inequality -Seema Chishti    </title>
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Far from pushing for social and economic equality, the state is fanning systems and principles to strengthen the divide

The latest edition of the World Inequality Report (https://bit.ly/3Fx8vv4 and https://bit.ly/3EvazlY) has confirmed that the world continues to sprint down the..."/>
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Far from pushing for social and economic equality, the state is fanning systems and principles to strengthen the divide

The latest edition of the World Inequality Report (https://bit.ly/3Fx8vv4 and https://bit.ly/3EvazlY) has confirmed that the world continues to sprint down the..." />
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    <h1 class="cat-box-title"> The cold truth about India’s income inequality -Seema Chishti</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Far from pushing for social and economic equality, the state is fanning systems and principles to strengthen the divide</em></p><p style="text-align:justify">The latest edition of the World Inequality Report (<a href="https://bit.ly/3Fx8vv4" title="https://bit.ly/3Fx8vv4">https://bit.ly/3Fx8vv4</a> and <a href="https://bit.ly/3EvazlY" title="https://bit.ly/3EvazlY">https://bit.ly/3EvazlY</a>) has confirmed that the world continues to sprint down the path of inequality. &ldquo;Global multimillionaires have captured a disproportionate share of global wealth growth over the past several decades: the top 1% took 38% of all additional wealth accumulated since the mid-1990s, whereas the bottom 50% captured just 2% of it.&rdquo; India&rsquo;s case is particularly stark. The foreword by Nobel laureate economists, Abhijit Banerjee and Esther Duflo, says, &ldquo;India is now among the most unequal countries in the world.&rdquo; This means that the gap between the top 1% and the bottom 50% is widest for India among the major economies in the world. The gap is wider in India than the United States, the United Kingdom, China, Russia and France.</p><p style="text-align:justify"><em>Poverty has persisted</em></p><p style="text-align:justify">The journey of this inequality over time reveals that &ldquo;socialist-inspired Five Year plans contributed&rdquo; to reducing the share of the top 10% who had 50% of the income under colonial rule, to 35%-40% in the early decades after Independence. However, since the mid-1980s, deregulation and liberalisation policies have led to &ldquo;one of the most extreme increases in income and wealth inequality observed in the world&rdquo;. While the top 1% has majorly profited from economic reforms, growth among low- and middle-income groups has been relatively slow, and poverty has persisted.</p><p style="text-align:justify">In recent years, on the economic front, India, post-2014, seems to have got into a phase of an even greater reliance on big business and privatisation to fix economics and the result has been to beget even more inequality. The latest World Inequality Report firmly concludes that the &ldquo;bottom 50% share has gone down to 13%. India stands out as a poor and very unequal country, with an affluent elite&rdquo;.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/lead/the-cold-truth-about-indias-income-inequality/article38050949.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/the-cold-truth-about-indias-income-inequality/article38050949.ece?homepage=true">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.thehindu.com/opinion/lead/the-cold-truth-about-indias-income-inequality/article38050949.ece?homepage=true" class="re" target="_blank">The Hindu, 28 December, 2021, https://www.thehindu.com/opinion/lead/the-cold-truth-about-indias-income-inequality/article38050949.ece?homepage=true</a><div class="clear"></div>
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The cold truth about India’s income inequality -Seema Chishti

Published on Dec 28, 2021   Modified on Dec 28, 2021

-The Hindu Far from pushing for social and economic equality, the state is fanning systems and principles to strengthen the divide The latest edition of the World Inequality Report (https://bit.ly/3Fx8vv4 and https://bit.ly/3EvazlY) has confirmed that the world continues to sprint down the path of inequality. “Global multimillionaires have captured a disproportionate share of global wealth growth over the past several decades: the top 1% took 38% of all additional wealth accumulated since the mid-1990s, whereas the bottom 50% captured just 2% of it.” India’s case is particularly stark. The foreword by Nobel laureate economists, Abhijit Banerjee and Esther Duflo, says, “India is now among the most unequal countries in the world.” This means that the gap between the top 1% and the bottom 50% is widest for India among the major economies in the world. The gap is wider in India than the United States, the United Kingdom, China, Russia and France. Poverty has persisted The journey of this inequality over time reveals that “socialist-inspired Five Year plans contributed” to reducing the share of the top 10% who had 50% of the income under colonial rule, to 35%-40% in the early decades after Independence. However, since the mid-1980s, deregulation and liberalisation policies have led to “one of the most extreme increases in income and wealth inequality observed in the world”. While the top 1% has majorly profited from economic reforms, growth among low- and middle-income groups has been relatively slow, and poverty has persisted. In recent years, on the economic front, India, post-2014, seems to have got into a phase of an even greater reliance on big business and privatisation to fix economics and the result has been to beget even more inequality. The latest World Inequality Report firmly concludes that the “bottom 50% share has gone down to 13%. India stands out as a poor and very unequal country, with an affluent elite”. Please click here to read more.

The Hindu, 28 December, 2021, https://www.thehindu.com/opinion/lead/the-cold-truth-about-indias-income-inequality/article38050949.ece?homepage=true

Tagged with: Wealth Inequality Wealth Distribution Income Inequality Income Distribution deregulation liberalisation

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