-PTI India has become "less equal over time" and earningsinequality in the country has increased significantly since the early 1990s, Paris-based think tank OECD said today. The observations are a part of OECD's report focusing on inequality patterns and related policy challenges in the emerging economies of India, China, Argentina, Brazil, Indonesia, Russia and South Africa The Organisation for Economic Cooperation and Development (OECD) is a 34-member grouping of mostly advanced nations, that...
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India's income inequality has doubled in 20 years
-The Times of India Inequality in earnings has doubled in India over the last two decades, making it the worst performer on this count of all emerging economies. The top 10% of wage earners now make 12 times more than the bottom 10%, up from a ratio of six in the 1990s. Moreover, wages are not smoothly spread out even through the middle of the distribution. The top 10% of earners make...
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It’s been raining “rights” in Indian policy for the last few years — education, work, food, service, healthcare, and much else. This “Diet Coke” approach to poverty reduction — the sweetness without the calories — was always dangerous because of unknown side effects. Commenting in 1790 on the consequences of the French Revolution, Edmund Burke said: “They have found their punishment in their success. Laws overturned, tribunals subverted, industry without...
More »This land is mined by KumKum Dasgupta
It was the end of a long, tiring and humid day. Sitting near the bamboo gate of his 'precious' betel vineyard, 70-year-old Narayan Mandal said despondently, "I don't want to migrate, once again." Mandal, a resident of Gobindpur village in Orissa's Jagatsinghpur district, is one of the many opposing the state government's ambitious $12 billion Posco steel project. For the last six years, three gram panchayats - Dhinkia, Nuagaon and Gada...
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