The Billionaire Raj?
As India’s economy continues its upward growth trajectory, wealth and income inequality have become more pronounced. But the country remains less unequal than many of its peers, and rising inequality may be a small price to pay for the overall reduction in poverty.
DUBAI – Several reports in the last few months have sounded the alarm about growing income and wealth inequality in India. The statistics cited are not wrong, but they are incomplete. And they have produced sensational, but misleading, news stories.