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INCOME INEQUALITY IN INDIA
Rs 9,580 for a 22-minute cab ride: Indian man in Norway explains the real reason taxi fares are higher. ‘No rich and poor.’An Indian man living in Norway shared his expensive taxi fare, which cost over nine thousand rupees. This incident highlighted Norway's hig...- No smartphone, no internet? PhonePe brings UPI to 220 million feature-phone usersAt the Global Fintech Fest 2026 in Mumbai, PhonePe announced UPI 123Pay support for its app on feature phones, taking the SMS-based, intern...
- India's middle-income trap has a problem money may fixEconomist Thomas Piketty says India can escape the middle-income trap through massive investment in education, healthcare and infrastructur...
- BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...
- “Whether we leave anyone behind”: Sameer Nigam’s blueprint for PhonePe’s second decadeAt Global Fintech Fest 2026, PhonePe founder‑CEO Sameer Nigam framed the company’s first ten years as the construction of India’s financial...
- PR can polish picture of GDP, but not economy itself: Congress slams Modi governmentCongress criticizes the government's GDP figures citing former finance secretary Subhash Garg. Garg stated real GDP growth is closer to 2.6...
- AI offers India big opportunities to boost jobs, living standards: World Bank MD Paschal DonohoeThe global economy shows resilience despite recent shocks and continues growing. Artificial intelligence offers significant opportunities f...
- India’s growth story, and its challenges -- in numbersOver the years, the economy has evolved dramatically—from rising incomes and a larger global footprint to deeper integration with the world...
- GDP is still the GOAT of economic statistics despite its many flawsThe Gross Domestic Product serves as a key indicator of a country's economic status, highlighting overall production. While it may not be p...
- Automatic for the people: Rising incomes reshape India's car marketAs incomes rise and family earnings change, India's automotive market is poised for a notable shift. In the coming decade, middle-income ho...
- Number of billionaires grows 4-fold in five years to 576 in AY'26: Income tax return dataFive hundred seventy-six individuals reported over Rs 100 crore income in 2025-26. This figure shows a fourfold increase from the previous ...
- Almost all countries overuse antibiotics, contributing to drug resistance: AnalysisA new study reveals most nations overuse stronger 'watch' antibiotics, fueling resistance issues. Researchers developed a framework to asse...
- India’s prosperity problem: Public finances now compensate the majority for economic insecurity, regardless of growthIndia has significantly reduced extreme poverty, achieving a major development goal. However, recent economic growth has not broadly benefi...
- 1% hold 40% wealth: Financial analyst says income gap in India now worse than under British ruleA new analysis reveals that India's top 1% now possess 40.1% of the nation's wealth, exceeding the wealth held by colonial elites during Br...
- Income inequality declining with support from Govt initiatives: ReportIncome inequality in India has declined over the years, aided by government initiatives such as NREGS and DBT. The income share of the top ...
- Income disparity in India has declined 74.2% since FY14, reveals SBI studyThe SBI report has shown a 74.2% decline in income disparity for individuals earning up to Rs 5 lakh annually between FY14 and FY23, attrib...
- Gotta fix those inequality gapsSince 1947, India has experienced considerable economic expansion, yet the advantages of this growth have not been evenly spread. The era o...
- India amongst the most unequal countries in the world, says reportAs per the 'World Inequality Report 2022', India is among the most unequal countries in the world, with rising poverty and an 'affluent eli...
- View: The missing politics of inequalityConsidering the level of inequality in India in recent times, which is incomparable to democracies around the world, one would expect it to...
- India's income inequality has doubled in 20 yearsInequality in earnings has doubled in India over the last two decades, making it the worst performer on this count of all emerging economie...
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