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
This being the last full year budget before the general elections due in May 2024, it will be interesting to see how the government balances fiscal prudence and provides support for growth.
SBI Research says among "relatively laggard states" in terms of unequal distribution of wealth, rice and wheat procurement had a significant impact on "reducing inequality".