-Livemint.com The trajectory of wealth concentration in the country, not just the levels of recently estimated Inequality, is important A flurry of estimates regarding Indian Inequality have captured public interest recently. Whether one believes the wealth Inequality numbers presented by Credit Suisse or the distributional income accounts by Lucas Chancel and Thomas Piketty, evidence seems to state that India has high economic disparities. But Inequality is to be expected in a developing...
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Country of a chosen few -TSR Subramanian
-The Indian Express Thomas Piketty points to the widening income disparities that have accompanied economic growth in India, which endanger social stability The paper by Thomas Piketty and Lucas Chancel, ‘Indian Income Inequality 1922-2014 — From British Raj to Billionaire Raj?’, is now in the public domain. Piketty needs no introduction — his Capital in the Twenty-First Century has been one of the most influential books on economics in the past decade....
More »Is Thomas Piketty right about Inequality in India? -Tadit Kundu
-Livemint.com Thomas Piketty’s estimates of Inequality in India appear exaggerated on close scrutiny but the issue he raises is an important one Three years after writing a best-selling book on the growing problem of Inequality in the Western world, the French economist Thomas Piketty has turned his attention to Inequality in the developing world. In a recent research paper co-authored with Lucas Chancel of the Paris School of Economics, Piketty estimates that...
More »Lucas Chancel, economist working on Inequality, interviewed by Sanjay Vijayakumar (The Hindu)
-The Hindu The top 1% of earners captured less than 21% of total income in the late 1930s, before dropping to 6% in the early 1980s and rising to 22% today, says renowned economist Lucas Chancel According to a research paper by renowned economists Thomas Piketty and Lucas Chancel, income Inequality in India is at its highest level since 1922, the year the Income Tax Act was passed. In December, they will...
More »India has gone from British Raj to Billionaire Raj: Report
-The Times of India NEW DELHI: Inequality in India may be at its highest level since 1922, when the country's income tax law was conceived, with 22% income accruing to the top 1% income earners, a new paper released by economists Thomas Piketty and Lucas Chancel showed. "The top 1% of earners captured less than 21% of total income in the late 1930s, before dropping to 6% in early 1980s and rising...
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