Income Inequality

According to the survey, corporate profitability soared to a 15-year peak in FY24, fuelled by robust growth in financials, energy, and automobiles.

Kerala tops the states in rural worker wages; poorer states close the gap with rich ones

The average daily wage of a rural worker in Kerala at over Rs 700 was thrice that of Madhya Pradesh, the state that paid the least

Rural-urban, male-female income inequality rose in 2023-24: PLFS data

In 2023-24, income for the salaried class was 44.2 percent higher compared with rural areas, while the difference was just 36.2 percent for urban areas

Weekly Numerics | The hottest 12 months on record, deepening wealth gap, and the rise of OTT

With an average warming of more than 1.3°C, the past 12 months were the hottest on record. Meanwhile, income and wealth inequality is deepening in India. And data shows a significant drop in the number of employed persons in October.

India@75: Who benefited the most from economic growth?

The income of the richest 10 percent went up by 42 percent between 1951 and 1980 and by 435 percent between 1980 and 2015

Omicron news roundup: All the important developments about the Covid variant you must know  

Governments and their citizens continue to clash over Covid-19 restrictions, Beijing reacts to the first Omicron case and study on booster dose provides hope, in a roundup of events from across the world

Budget 2022: Why the COVID-19 support rollback won’t leave India gasping in pain

In a five-part series, Moneycontrol explains how various economic variables are interlinked, and how they impact the budget exercise and they affect our savings, spending and investments. Part one is on the COVID-spend variable. While the rich countries spent heavily on direct fiscal support, India announced packages that had minimal net fiscal impact.

India 'poor and very unequal country', bottom 50% own 'almost nothing': World Inequality Report

The middle class is also relatively poor, with an average wealth of only Rs 723,930, the report said.

Paul Romer: Once tech’s favorite economist, now a thorn in its side

The Nobel Laureate has become a fierce critic of the tech industry’s largest companies, saying that they stifle the flow of new ideas. He has also championed new US state taxes on the digital ads sold by companies like Facebook and Google.

Wealth gap widens during lockdown, 17 million women lost jobs in April: Oxfam

While the findings of Oxfam and other similar agencies are not considered by policymakers, they come at a time when Finance Minister Nirmala Sitharaman will surely keep the urban and rural poor in mind while presenting her 2021-22 Union Budget, exactly a week from today.

Thomas Piketty details political fix for unequal wealth distribution

While his previous blockbuster highlighted inequality, his latest treatise focusses on solutions to the same, which he says must be fixed by governments 'by upending capitalism'

Inequality is rising in India. How worried should we be?

The classic left-versus-right argument is being made again. This time more vociferously.