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The country should worry about further deepening of economic inequality in the post-COVID period

The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...

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The return of India's super rich -Rishabh Kumar

-Livemint.com The trajectory of wealth concentration in the country, not just the levels of recently estimated inequality, is important A flurry of estimates regarding Indian inequality have captured public interest recently. Whether one believes the wealth inequality numbers presented by Credit Suisse or the distributional income accounts by Lucas Chancel and Thomas Piketty, evidence seems to state that India has high economic disparities. But inequality is to be expected in a developing...

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Country of a chosen few -TSR Subramanian

-The Indian Express Thomas Piketty points to the widening income disparities that have accompanied economic growth in India, which endanger social stability The paper by Thomas Piketty and Lucas Chancel, ‘Indian Income Inequality 1922-2014 — From British Raj to Billionaire Raj?’, is now in the public domain. Piketty needs no introduction — his Capital in the Twenty-First Century has been one of the most influential books on economics in the past decade....

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Women in Indian Agriculture -Vivan Sharan and Prachi Arya

-Business World In the run up to Independence Day, Professor Ashok Gulati wrote a scathing critique of what he has described as “elitist biases in public policy”, that ignore the reality of the masses in rural areas. The reality he describes is that of low rates of growth in agriculture; a sector that majority of Indians still depend on.  He lamented the excessive preponderance of economic policy discourse in the country...

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Poor more prone to suicides than the rich, says NCRB -B Sivakumar

-The Times of India CHENNAI: Poor incomes, mounting debts and family issues drove a good number of those in the lower socioeconomic bracket to suicide. Data put out by the National Crime Records Bureau ( NCRB) for 2014 said nearly 70% of the suicides were by people earning less than Rs one lakh per annum. This disturbing trend hasn't changed much. On July 18, in a suicide pact, a 35-year-old cab driver and...

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