Crowded cities are rich because there is greater division of labour. The extent of the division of labour depends on the size of the market, wrote Sauvik Chakraverti in 2002.
Congress MP Jairam Ramesh raised alarms over rising inequality in India, revealing that in 2023-24, the top 10% of earners made 13 times more than the bottom 10%.
The results of the CES 2022-23 showed a dramatic decline in poverty. It didn’t take long for economists to identify the problems: a faulty methodology and the lack of transparency.
We shouldn't feel the need to go to such lengths to ensure fairness. UPSC pursuit must be driven by better reasons, not by fear of exclusion, marginalisation, or desire for privileges.
Malema's pledge to redress persistent racial and economic disparities resonates with his constituents which include tens of thousands of unemployed, disenfranchised urban Black youth.
As per findings of the HCES 2022-23 conducted by NITI Aayog, less than 5% of Indians are now expected to be below the poverty line and extreme destitution has almost gone away.
The long-run income inequality dynamics in India over the period of 1951-2022 has seen an increasing graph of the share of the top 10% population touching nearly 60% in recent years.
At one point, India was the leading developing country that created a statistical system to monitor living standards. But today, there is rank confusion.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
COMMENTS