India’s income inequality widens, should wealth be redistributed?
Rising income inequality is a hot topic dominating the national elections.
India is the fastest-growing major economy in the world. But, the benefits of India’s growth are not trickling down to poor people. The richest 1 percent of the population owns 40 percent of the country’s wealth.
The inequality gap has widened sharply under Prime Minister Narendra Modi’s decade in power. It is now a flashpoint in the country’s national elections, with hot topics including inheritance taxes and wealth redistribution.
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Published On 16 May 2024