India’s Income Inequality Is Now Worse Than Under British Rule, New Report Says ...Middle East

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A new study from the World Inequality Lab finds that the present-day golden era of Indian billionaires has produced soaring income inequality in India—now among the highest in the world and starker than in the U.S., Brazil, and South Africa. The gap between India’s rich and poor is now so wide that by some measures, the distribution of income in India was more equitable under British colonial rule than it is now, according to the group of economists who co-authored the study, including the renowned French economist Thomas Piketty. [time-brightcove not-tgx=”true”] The current total number of billionaires in India is peaking at 271, with 94 new billionaires added in 2023 alone, ac

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India’s Income Inequality Is Now Worse Than Under British Rule, New Report Says ...Middle East

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