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Income inequality worse now than during the Raj

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Manage episode 414837569 series 2910805
Content provided by Ideabrew Studios. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ideabrew Studios or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The top 1% of Indians earns 22.6% of the national income and holds 40.1% of the wealth. This inequality is among the worst in the world, finds a recent study.

This ‘Billionaire Raj’ has been pronounced since Narendra Modi came to power, the report said, and is founded on “an authoritarian government with centralisation of decision-making power, coupled with a growing nexus between big business and government”. There is an urgent need to redistribute wealth through a reform of the tax code, a ‘super tax’ on the richest Indians and massive social investments.

Please listen to the latest episode of All Indians Matter.

  continue reading

374 episodes

Artwork
iconShare
 
Manage episode 414837569 series 2910805
Content provided by Ideabrew Studios. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ideabrew Studios or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The top 1% of Indians earns 22.6% of the national income and holds 40.1% of the wealth. This inequality is among the worst in the world, finds a recent study.

This ‘Billionaire Raj’ has been pronounced since Narendra Modi came to power, the report said, and is founded on “an authoritarian government with centralisation of decision-making power, coupled with a growing nexus between big business and government”. There is an urgent need to redistribute wealth through a reform of the tax code, a ‘super tax’ on the richest Indians and massive social investments.

Please listen to the latest episode of All Indians Matter.

  continue reading

374 episodes

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