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View: Inequality will keep haunting Indian economy long after Covid goes away


View: Inequality will keep haunting Indian economy long after Covid goes away
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View: Inequality will keep haunting Indian economy long after Covid goes awayBy Duvvuri Subbarao, TOI Contributor
Last Updated: Jul 29, 2021, 10:22 AM IST
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Synopsis
Inequalities are morally wrong and politically corrosive. They are also bad economics. The huge consumption base of the bottom half of our population is our biggest growth driver. If they earn more, they will spend more, which will in turn spur more production, more jobs and higher growth.
A long queue for food. Last year, 75 million Indians retreated into poverty.
When Covid goes away, hopefully soon enough, it will leave behind a more unequal world. This is contrary to historical experience because pandemics, as Thomas Piketty notes in his widely acclaimed book Capital in the Twenty-First Century, have been great levellers. ....

Thomas Piketty , World Bank Research , Azim Premji University , Pew Research , Twenty First Century , Reserve Bank , Annual Status , Education Report , Bank Research , உலகம் வங்கி ஆராய்ச்சி , அஸிம் ப்ரேம்ஜி பல்கலைக்கழகம் , பியூ ஆராய்ச்சி , இருபது முதல் சிஇஎன்டியுவ்ஆர்ஒய் , இருப்பு வங்கி , ஆண்டு நிலை , கல்வி அறிக்கை , வங்கி ஆராய்ச்சி ,