KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
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The future of old times in India -Jean Drèze and Esther Duflo
-The Hindu Near-universal social security pensions would be a good start to a radical expansion of public support for the elderly Life expectancy in India has more than doubled since Independence — from around 32 years in the late 1940s to 70 years or so today. Many countries have done even better, but this is still a historical achievement. Over the same period, the fertility rate has crashed from about six children...
More »The cold truth about India’s income inequality -Seema Chishti
-The Hindu Far from pushing for social and economic equality, the state is fanning systems and principles to strengthen the divide The latest edition of the World Inequality Report (https://bit.ly/3Fx8vv4 and https://bit.ly/3EvazlY) has confirmed that the world continues to sprint down the path of inequality. “Global multimillionaires have captured a disproportionate share of global wealth growth over the past several decades: the top 1% took 38% of all additional wealth accumulated since...
More »India is among the most unequal countries, says World Inequality Report
-Scroll.in In 2021, the top 1% of India’s population earned 21.7% of the total national income, while the bottom 50% made just 13.1%. The top 1% of India’s population earned more than one-fifth (21.7%) of the country’s total national income in 2021, while the bottom 50% made just 13.1% of the money, showed this year’s World Inequality Report released on Tuesday. The top 10% of the population owned as much as 57% of...
More »India faces 'extreme pain', aspirations dashed: economist Abhijit Banerjee
-PTI/ Business Standard The Nobel laureate was sharing his observations from a recent visit to West Bengal. People in India are in "extreme pain" and the economy is still below the 2019 levels, with "small aspirations" of people becoming even smaller now, Nobel laureate economist Abhijit Banerjee has said. He was virtually addressing students of the Ahmedabad University in Gujarat on Saturday night from the US during the varsity's 11th annual convocation which...
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