Affluent Elite News Today

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.

Several reports in the past 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. For example, an article based on Oxfam’s recent “Inequality Kills” report notes: “India has the third-highest number of billionaires in the world.” The story points out that India has 142 billionaires, but ignores that India has 1.4 billion peop...

Although India’s poorest half holds a small percentage of the country’s total wealth, its members are still better off than their peers in most countries

India is now one of the most unequal countries for both income and wealth inequality — and has shown the most rapid increases in inequality.