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India’s income inequality widens, should wealth be redistributed?

In World
May 15, 2024

Rising income inequality is a hot topic dominating the national elections.

India is the fastest-growing major economy in the world. But, the benefits of India’s growth are not trickling down to poor people. The richest 1 percent of the population owns 40 percent of the country’s wealth.

The inequality gap has widened sharply under Prime Minister Narendra Modi’s decade in power. It is now a flashpoint in the country’s national elections, with hot topics including inheritance taxes and wealth redistribution.

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