Mind the income gap: Is India becoming a plutocracy?

Syllabus: GS-III Subject:Economy Topic:Growth and Development, Inclusion Issue: Income inequalities

Context: Research paper released on Income and wealth inequality by  World Inequality Lab.


  • Progressive taxation: Introduce higher tax rates for top earners.
  • Super tax on wealth: Consider imposing a “super tax” on the net wealth of the richest families
  • Increase public investments in healthcare, education, and social welfare programs.
  • Combat corruption and cronyism to ensure equitable distribution of resources and opportunities
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