The top 1% of earners captured less than 21% of total income in the late 1930s, before dropping to 6% in the early 1980s and rising to 22% today, says renowned economist Lucas Chancel.
Plus, 57 Indian Billionaires own wealth equal to the bottom 70% of India’s population. These cartoons (credit: WhatsApp) says it all.
We need more inclusive growth in this country. Will digital penetration help?
Source: Income inequality in India at its highest level since 1922, says Lucas Chancel – The Hindu