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CONSUMPTION INEQUALITY
Quote of the day by father of economics Adam Smith: ‘Civil government, so far as it is instituted for the security of property, is in reality…’ – Warning about wealth, power, and societyAdam Smith, the father of modern economics, questioned who governments truly serve. While known for free markets, his writings reveal a dee...- World's highest-consuming 10 pc causing environmental damage of up to USD 5.7 trn annually: StudyThe world's top consumers, mainly in the US and EU, cause trillions in environmental damage annually. Biodiversity loss and climate change ...
- Pakistan's poor population swells by 27 mn in six years, poverty surges 7%Pakistan's poverty rate has risen from 21.9% in 2018-19 to 28.9% in 2024-25, pushing around 27 million more people below the poverty line a...
- Saurabh Mukherjea’s global strategy: How Marcellus is hunting compounder stocks across 4 multi-trillion dollar megatrendsSaurabh Mukherjea of Marcellus is avoiding AI giants like Nvidia, instead focusing on companies enabling AI's physical infrastructure. His ...
- Quote of the day by Anne Hathaway: ‘We assume that we've come so far as compassionate citizens of the world if we…’ – ‘The Devil Wears Prada’ star highlights why awareness mattersActress Anne Hathaway urges people to look beyond news headlines. She highlights how easy it is to forget global conflicts and starvation d...
- In India’s parched heart, high power costs put cooling out of reachIndia's scorching summers strain power grids, forcing costly upgrades. While cities like Nagpur manage peak demand with advanced cooling, m...
- Weaponised dependency: Chinese mercantilism is more damaging to global trade than Trump tariffsThe recent US-China summit saw improved engagement but little progress on global economic challenges. China's trade practices continue to i...
- Quote of the day by American Economist Milton Friedman: ‘If you put the federal government in charge of the Sahara Desert, in 5 years…’ Witty take on inefficiency, corruption, and control as world faces oil and gas crisisQuote of the day: The “Sahara Desert” quote continues to resonate because it combines humor with sharp criticism. It may make people laugh,...
- Gen Z conspiracy: China thinks the West is pushing its youth to quitIn a cultural shift, many young Chinese individuals are opting for 'lying flat'—a lifestyle choice that rejects pressures of constant work ...
- Noida workers’ unrest: A story of hidden inflation and its impactNoida factory workers protest: Years of rising costs have diminished buying power, creating widespread discontent among many. Wage growth l...
- The myth of India’s extreme inequality: What the data gets wrongRecent studies reveal a misrepresentation of income inequality in India, challenging the commonly accepted pre-tax Gini coefficient of 0.61...
- India received highest number of regressive tax recommendations from IMF: OxfamAn Oxfam report highlights the International Monetary Fund's (IMF) tax advice. India received the most regressive recommendations between 2...
- India lifted 170 million out of poverty in a decade: World BankA World Bank report reveals India lifted 170 million people out of poverty between 2011-12 and 2022-23, with extreme poverty declining sign...
- Poverty gap shrinks between rural and urban India in FY24, driven by higher consumption: SBI reportIndia's rural and urban consumption gap is reducing significantly, thanks to government initiatives like direct benefit transfers and impro...
- Rural consumption rises higher than urban, allowing the inequality to dip during Aug 2023-July 2024Consumption inequality decreased in both rural and urban areas during August 2023-July 2024 compared to the previous year, with Gini coeffi...
- Better ForeCaste: Gap in consumption shrinks; spending by SC, ST, OBCs rose 1% faster each yrConsumption spending in marginalized groups like Scheduled Castes, Scheduled Tribes, and Other Backward Classes has seen a faster annual gr...
- Consumption inequality down in a decadeThe Household Consumption Expenditure Survey (HCES) results revealed a decline in consumption inequality over the last decade in India. The...
- Inequality rises in WestInequality is not a new phenomenon but, in recent years, it has reemerged as a social and political flash point in advanced economies and b...
- Inequality is a relative concept. Here's what one must do to find the truthOften, in discussions on inequality the intended distribution is that of personal distributions of income. There are no satisfactory data o...
- Study throws light on rising wealth & consumption inequality in IndiaThe gap between the forward and other castes is becoming wider over the years, according to a World Inequality Database study.
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