Why doesn't economic inequality come up in political debates?
Why doesn't economic inequality come up in political debates?
A recent study has revealed some information about economic disparity. A report based on the study has been prepared by economists Nitin Kumar Bharti, Lucas Chancel, Thomas Piketty, and Anmol Somanchi. "Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj" is the title of this report.The report's statistical data is alarming. These numbers demonstrate the stark contrast between the nation's promises of being a fifth economy and the real circumstances of the average citizenry, despite the GDP growing at a rapid rate. Economic disparity is at all-time highs. On this front, the situation has gotten worse than it was under the british Raj. Forty percent of the nation's wealth is owned by the richest 1% of the population. These one percent of the population make up about twenty-three percent of the nation's overall revenue.Public discourse on these figures, which paint a picture of "crony capitalism," is warranted. The bjp or the Modi government can dispute these numbers, but visiting the villages is the only way to truly understand the situation of the average person. people there still put in a lot of effort for 20–20 or 30–30 rupees. The political system and government that brag about economic growth will find it hard to comprehend this.
A recent study has revealed some information about economic disparity. A report based on the study has been prepared by economists Nitin Kumar Bharti, Lucas Chancel, Thomas Piketty, and Anmol Somanchi. "Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj" is the title of this report.The report's statistical data is alarming. These numbers demonstrate the stark contrast between the nation's promises of being a fifth economy and the real circumstances of the average citizenry, despite the GDP growing at a rapid rate. Economic disparity is at all-time highs. On this front, the situation has gotten worse than it was under the british Raj. Forty percent of the nation's wealth is owned by the richest 1% of the population. These one percent of the population make up about twenty-three percent of the nation's overall revenue.Public discourse on these figures, which paint a picture of "crony capitalism," is warranted. The bjp or the Modi government can dispute these numbers, but visiting the villages is the only way to truly understand the situation of the average person. people there still put in a lot of effort for 20–20 or 30–30 rupees. The political system and government that brag about economic growth will find it hard to comprehend this.