Uneven field

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

Context: A new working paper “Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj”released by the World Inequality Lab.

Key findings:

  • In 2022-23,6% of national income went to the top 1%, highest since 1922.
  • India’s top 1% income share ranks among the highest globally.
  • Wealth inequality is also alarming, with the top 1% holding 40.1% of wealth.


Super taxes on billionaires and restructuring tax schedules.

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