-The Business Standard Why government policy and jobless growth have let inequality worsen in recent times The Forbes list of billionaires features 55 Indians in 2013. The estimated net worth of only the top ten is $102.1 billion or approximately 5.5 per cent of India's gross domestic product. Paradoxically, every third poor person and every second malnourished child in the world is also an Indian. India also adds 7.5 million babies with...
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For richer, for poorer-Zanny Minton Beddoes
-The Economist Growing inequality is one of the biggest social, economic and political challenges of our time. But it is not inevitable, says Zanny Minton Beddoes IN 1889, AT the height of America’s first Gilded Age, George Vanderbilt II, grandson of the original railway magnate, set out to build a country estate in the Blue Ridge mountains of North Carolina. He hired the most prominent architect of the time, toured the chateaux...
More »A richer approach to poverty reduction -Shailaja Fennel
-The Hindu Business Line India can learn from Brazil’s Bolsa Familia and China’s Gansu Programme to make refinements to its MGNREGA scheme. The development experiences of Brazil, China and India provide a valuable opportunity to understand the relationship between growth and distribution over periods of high rates of growth. The growth story playing out in all the three emerging economies have resulted in large regional as well as spatial inequalities, between rural and...
More »‘Inequality has gone up, notwithstanding dip in poverty'-K Balchand
Montek Singh says he is willing to revise poverty estimates on the basis of expert opinion Though the incidence of poverty has come down over five years from 2004-05 to 2009-10, it is a startling fact that inequality has increased, with fewer people controlling income. Union Planning Commission Deputy Chairman Montek Singh Ahluwalia admitted on Tuesday that income distribution was not at the desired level and inequality increased in both rural and...
More »Raise income, lower inequality by Subir Roy
India’s disappointing human development status is well known. It is a virtual tailender among the newly emerging BRICS economies – Brazil, Russia, India, China and South Africa – which are expected to become the engine of global economic growth as the developed countries slow down. What is more serious is India’s status in its region. Not only is it well behind the long-term regional leader in development, Sri Lanka, it...
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