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WORLD INEQUALITY LAB
India to surpass China in share of global GDP by 2060: ReportIndia is set to overtake China in global economic power by 2060. A new report indicates China's GDP share will decline in the latter half o...- Quote of the day by American philosopher and professor Noam Chomsky: “There are no poor countries— only systems that have failed to manage resources.” — Is poverty really man-made? The hidden truth behind broken economic systems, wealth concentration, and growing inequality continues fueling global frustration and social instabilityQuote of the day by Noam Chomsky: The quote challenges the common belief that poverty is unavoidable. It argues that broken economic system...
- 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...
- Top 10 per cent rural households control 44 per cent of land in India: ReportA new study reveals stark land inequality in rural India. The top ten percent of households control nearly half of all land. Meanwhile, alm...
- India’s top 1% grew wealth share by 62% between 2000 and 2023, says G20 inequality reportIndia's wealthiest 1% saw their wealth share surge by 62% from 2000 to 2023. This trend mirrors global patterns where wealth concentration ...
- Wealth Redistribution Tempest: Much ado about nothing (read no vote bank)?The idea of wealth redistribution proposed by Congress leader Rahul Gandhi has sparked a heated debate in India's political landscape, with...
- No vote-bank threat, less capital-flight risk from wealth tax: Nitin Kumar BhartiNitin Kumar Bharti, lead author of a recent World Inequality Lab report, suggests imposing a wealth tax in India to address inequalities, s...
- Study suggests India should impose wealth tax on the ultra-rich to tackle wealth inequalityA World Inequality Lab study recommends India implement a wealth tax on the ultra-rich to combat wealth inequality and boost social sector ...
- India should impose tax on ultra-wealthy to tackle wealth inequality, says studyThe paper titled 'Proposals For a Wealth Tax Package to Tackle Extreme Inequalities in India' propose a comprehensive tax package on the ul...
- Wealth redistribution: The economics behind Rahul Gandhi's 'Robin Hood' ideaThe controversy over Rahul Gandhi's wealth redistribution promise, accused by PM Modi of benefiting Muslims, highlights ongoing economic in...
- Congress' Rahul Gandhi vows a survey to redistribute the wealth of IndiansRahul Gandhi vows wealth redistribution if Congress wins, proposing a census to assess population and backward caste status, followed by we...
- View: Market fix for inequalityThe real danger with the equality messiahs is their favoured policy prescription, namely tax. Applying Western narratives on taxing the ric...
- Growth in range of 7% perfectly good for India unless external environment improves, says SanyalThe growth rate in October-December helped take the estimate for the current fiscal to 7.6 per cent. "We should not attempt to grow this ec...
- India's richest 1% has highest concentration of wealth in decades, study showsIndia's wealth inequality is at a six-decade high with the top 1% owning 40.1% of wealth. Foreign investments led to a surge in billionaire...
- Cry over inequality, harder over povertyPolitical empowerment is the first key ingredient of poverty removal. People with political agency will demand and obtain education and hea...
- India among the most unequal countries with an affluent elite: ReportWhile the bottom half of the population in India earns Rs 53,610, the top 10% earns twenty times more at Rs 11,66,520. While the top 10% an...
- Rich should pay more taxes to compensate for greater carbon footprint: StudyThe study found that the burden of climate policies in an attempt to limit climate change has been "disproportionately borne by low-income ...
- Minimum income scheme can be a game changer in removing poverty: Experts"Given the extreme rise of inequality in India over the past 3 decades, it is welcome that a party comes up with proposals to increase livi...
- Tax on super rich can fund Rahul Gandhi's NYAY, says World Inequality LabGuaranteeing a minimum income of Rs 72,000 to Indian households would cost Rs. 2.9tn, ie. about 1.3% of India's GDP in 2020, the World Ineq...
- Indian economic inequality widened since 1980: ReportThe report - World Inequality Report - has put three other countries, North America, China and Russia in the same category.
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