-Livemint.com Data on incomes and wealth suggest India is far more unequal than official estimates based on consumption expenditure data suggest Inequality is in the news once again and the news is not particularly good. In a speech last month, Reserve Bank of India governor Raghuram Rajan commented that increasing inequality could be curtailing world demand. Since the rich typically spend a smaller portion of their income compared with the poor—who spend...

-IPSNews.net UNITED NATIONS: When the Royal Swedish Academy of Sciences awarded the 2015 Nobel Prize in Economics to Professor Angus Deaton of Princeton University, the accolade had a significant relevance to the United Nations. The Academy bestowed the honour on the British-born Deaton, 69, primarily for his analysis of consumption, poverty and welfare.   Deaton’s research reflects some of the socio-economic issues on the U.N. agenda, including poverty alleviation, economic inequalities, consumption patterns, household...

-The Hindu Business Line A narrow focus on growth-led development is the cause of the world’s sustainability crisis, not its solution The world’s political leaders meet in New York today to adopt a ‘sustainable development’ agenda. On the face of it, this sounds very hopeful. It signals that finally, humanity may move towards making peace with the earth, even as it erases the shame of over two billion people still living in...

-The New Indian Express The recent socio-economic and caste census (SECC) 2011 data on deprivations is profoundly disquieting. At the global level too, the latest data on economic inequality is equally disconcerting. That 75 per cent of rural households in India earn less than Rs 5,000 per month or around Rs 33 per capita per day and that over 40 per cent are landless and work as manual casual labourers even...

-Al Jazeera Prime Minister Narendra Modi is unlikely to narrow the gap between Indian elites and the rest of the population India has experienced a significant economic growth spurt in recent decades. After seeing annual growth of 3 percent in the years after independence in 1947, the rate began to double, reaching a rate of around 6 percent per year after 1980. However, the distribution of growth proceeds has been very uneven...