India more 'Unequal' now than British Raj; inequality rising since globalisation in 1991
World Inequality Lab says in FY23, 22.6% of national income went to just the top 1%, the highest level since 1922
World Inequality Lab says in FY23, 22.6% of national income went to just the top 1%, the highest level since 1922
Poverty remains "persistently" concentrated in states that are home to 45% of India's population but contain 62% of its poor
The poorest and most vulnerable were hit the hardest – pushing 70 million people into "extreme poverty" in 2020 alone: World Bank
Recent reports show an alarming rise in poverty, hunger and inequality all over the world, particularly in India. Existing economic policies need to be replaced immediately.
As countries continue to battle Covid-19, the World Economic Forum warns that disease, livelihood, inequality, and climate crisis will become more acute in the present decade.
A shock of this magnitude will not only change a state’s machinery and response system in the medium-to-long term, but also change the economic landscape of most affected nation-states.
What I learnt by managing a team of women.
The divide in wealth is based on a “flawed and sexist economic system” which does not value the unpaid and underpaid care work that is primarily done by girls and women globally, says its report.
Despite a significant fall in the number of people living in abject poverty, India can improve on providing more equally shared opportunity to its population, says the World Economic Forum.
In a conversation earlier this year, Banerjee spoke to Fortune India about a host of economic issues, including the performance of Modi 1.0.