Following the pandemic, the income of the bottom 50 per cent of the population is estimated at 13 percent of national income and 3 percent of total wealth Apoorva Mahendru, Kanishk Gomes, Mayurakshi Dutta, Noopur, Pravas Ranjan Mishra Oxfam International's annual Inequality report makes for stark reading. The India supplement, part of the main report, states that the top 1 percent of Indians own nearly 40.6 percent of the total wealth in...

-TheWire.in In India’s growth trajectory, for over a decade, domestic private investment levels have remained consistently low and so has (domestic) manufacturing growth.  As per recent quarterly estimates, India’s growth rate slowed to 6.3% in the September quarter of 2022-23. There is evidence of a notable contraction in output of manufacturing that’s pulling down growth. This author has previously argued that quarterly growth estimates may not reveal the real state of an economy....

-PTI/ Newsclick.in Percentage of men owning phones in India is as high as 61% while only 31% of women owned phones in 2021. New Delhi: The percentage of men owning phones is as high as 61% while only 31% of women-owned phones in 2021, according to a new report, which claimed that India's growing inequalities based on caste, religion, gender, class, and geographic location are being worryingly replicated in the digital space. Oxfam...

-TheWire.in The Narela industrial complex is one of the biggest in Asia, packed with booming small-scale industrial units. It runs entirely on the labour of low-income workers who have very little say on their pay and living conditions. In order to start liberalising trade and industrial production capacity through economic policy, the Indian nation-state began implementing a set of Washington Consensus style neo-liberal economic reforms in the early 1990s. The liberalisation push across...

-Newsclick.in Inequality is not natural but manufactured. It’s time policymakers stopped normalising the wealth and income gap. Else, post-Covid Inequality could become a permanent feature. Wealth and income Inequality are more than just economic concepts. They also influence education and health outcomes, poverty levels, employment and unemployment rates, opportunities, choices, and, ultimately, happiness. Of late, several reports have investigated the impact of COVID-19 on various segments of society at the regional, national,...