Economist Vamsi Vakulabharanam notes that despite differing political systems, both nations have had similar inequality trajectories, particularly after adopting market reforms.
Oxfam report says wealth of India’s top 100 billionaires increased enough during Covid that, if divided equally, it could translate to over Rs 94,000 each for 138 million of India’s poorest.
For two decades, I had maintained that unlike the developed West, India should not be overly concerned about inequalities because our economy was in the growth phase.
RJD, once a prominent representative of Mandal politics, now finds itself in a political era where welfare, good governance, and new aspirations are overshadowing old caste equations.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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