Thursday, 18 August, 2022
TopicWealth gap

Topic: wealth gap

Jaithirth Rao is wrong. Material wealth and economic apartheid are not Positive Economics

Entrepreneur Jaithirth Rao's recent attack on Oxfam report on inequality ignores the fact that only the rich are getting richer in this beleaguered Indian economy.

India’s income inequality fell post 2020 lockdown as rich got poorer, US economic study shows

Non-peer-reviewed paper by US-based non-profit NBER says pandemic brought decline in inequality in two senses, the second being consumption inequality also fell marginally.

Here’s what you need to count among India’s 1%, but it won’t make you rich in US, China

The top 1% covers a wide span, from professionals to billionaires with more wealth than many nations. But the yardstick varies greatly with where you live.

Indians are getting richer faster than people of any other economy, but there’s a problem

India is estimated to overtake China as the fastest wealth-accumulating country in the world soon, but this fortune will be concentrated in the hands of a tiny minority.

Richest 1% Indians own more than half of country’s total wealth, says report

The report, prepared by Council of Social Development, says wealth inequality in India has seen a six-fold increase between 2000 and 2017.

On Camera

YourTurn

Farmers plant paddy saplings in a field | PTI Photo

Good news from the farm as India’s FY22 foodgrain production estimated at record 316 mn tonnes

Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years.

Defence

Su-57, the Russian 5th generation fighter aircraft Photo by Snehesh Alex Philip

Russia wants to build next generation tanks, submarines with India

As the second regiment of the S-400 Triumf air defence system starts getting delivered, Russia said it expects the serial production of AK 203 rifles in Amethi to begin in late 2022-early 2023.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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