Topic: Wealth inequality data
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.
Musk, now one of four centibillionaires in the world, has seen his fortune grow by $73.6 billion this year, a jump still smaller than Bezos’s, who is up by $87.1 billion.
India’s growing inequality, poverty and low human development index are of global concern and extensive research is needed to find out solutions.
It is systemic issues like corruption, poverty, inequality, gender inequality, and pollution that weigh on global perceptions of India.
If wealth of half of world’s people really fell by 11% in one year, it would signal coming of an enormous global recession. But 2018 growth numbers look healthy.
Pakistan needs the US. But there is the question of what Washington thinks Islamabad can deliver in its current state. In Pakistan, even China has burnt its fingers.
Holcim’s sale of its Indian business is expected to close in second half of 2022. Adani Group beat other firms, including JSW Group, to become India's 2nd biggest cement manufacturer.
With Shehbaz Sharif government in power now, there's speculation that ties between India and Pakistan, which worsened after Balakot air strike, could see major improvement.
Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.