Dev Kar’s Post

The study "Indian Income Inequality, 1922‐2015: From British Raj to Billionaire Raj?" by Lucas Chancel and Thomas Piketty examines the evolution of income inequality in India over nearly a century. They utilized household surveys, national accounts, and newly available tax data to assess income distribution changes. Key findings indicate that the top 1% of earners' share of national income has seen significant fluctuation, with an increase to 22% in recent times, highlighting challenges in achieving inclusive growth in India.. The research suggests that wealth accumulation is becoming increasingly concentrated among the richest, while the middle and lower-income segments are experiencing stagnation or decline in their relative income levels. This implies a widening economic divide.

𝐒𝐡𝐨𝐜𝐤𝐢𝐧𝐠 𝐢𝐧𝐜𝐨𝐦𝐞 𝐠𝐚𝐩 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚: 𝐑𝐬 𝟑.𝟕 𝐥𝐚𝐤𝐡/𝐦𝐨𝐧𝐭𝐡 𝐭𝐨 𝐛𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐭𝐨𝐩 𝟏% ! #WATCH as this video sheds light on the significant income inequality prevalent in India. Explore the data and consider the implications for economic justice and social development. In Video - Rahul Tejnani  Ministry of Labour & Employment, Government of India |  Indian Ministry of Finance #IncomeInequality #EconomicDisparity #EconomicJustice #IncomeGap #India #EconomicReform #SocialJustice #FinancialLiteracy #WealthDistribution #Poverty

𝐓𝐡𝐞 𝐒𝐡𝐨𝐜𝐤𝐢𝐧𝐠 𝐓𝐫𝐮𝐭𝐡 𝐀𝐛𝐨𝐮𝐭 𝐖𝐞𝐚𝐥𝐭𝐡 𝐈𝐧𝐞𝐪𝐮𝐚𝐥𝐢𝐭𝐲 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚 𝐄𝐯𝐞𝐫𝐲 𝐈𝐧𝐝𝐢𝐚𝐧 𝐍𝐞𝐞𝐝𝐬 𝐭𝐨 𝐊𝐧𝐨𝐰....!! We’ve all heard the saying, “The rich are getting richer, and the poor are getting poorer.” But what if I told you that the reality is far worse than we ever imagined? The latest data on wealth inequality in India is enough to leave anyone speechless. This data is pulled from a report titled "𝐓𝐨𝐰𝐚𝐫𝐝𝐬 𝐓𝐚𝐱 𝐉𝐮𝐬𝐭𝐢𝐜𝐞 𝐚𝐧𝐝 𝐖𝐞𝐚𝐥𝐭𝐡 𝐑𝐞𝐝𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚", which outlines just how deep the inequality goes. Make sure to follow for more thought-provoking insights and updates! #india #tax #economy #income

#Take2WithBS | New HCES data reveals a drop in consumption inequality in India! The top 10% of households now account for 22.7% (rural) & 25.7% (urban) of total expenditure, down from 24.6% & 29.7%. What does this mean for income inequality? Find out here

India's income inequality is declining now, stated a SBI report. But why is it important now? Know what do the SBI research says! #RepublicBusiness #Economy #India #SBI #SBIResearch #Inequality Watch now: https://lnkd.in/daUkKkjD

Just read an article It drew all my attention Is Inequality In India Really The Great Monster ? The recent Union budget reflected the response most illustratively . Wide-ranging changes in the capital tax regime, most notably in financial assets and real estate , were primarily predicated on the inequality variable . Inequality is an emotive issue . A closer look reveals India is no different from other countries at similar income levels plus the equity valuation of billionaires is an irrational measure of wealth concentration . Therefore ,the answer is yes if one goes by conventional wisdom . #unionbudget #article #inequality #thought #income #taxregime

WHAT ARE OUR ECONOMISTS AND GOVT OFFICIALS IMAGINING, WHEN THEY SAY ‘POVERTY IS REDUCING IN INDIA’? ―――― LET US MAKE INDIA A TOP NATION, TOGETHER, IN UNISON—PVH—Motto ―――― #IndianDevelopmentChallenge #IndianPoverty #Governance #Constitution #PoliticoOfficerBusinessNexus #AgrobiogenicsTechnology #ZerowasteZerocarbonBusinessmodel #LinkedInMemberPVH #LetUsCombineforChange #ConversationsForChange #LinkedInForCreators REFERENCE: https://lnkd.in/gTrPsSec Our Hon PM, Modi, is seen GUARANTEEING a sort of “Ram Rajya”, where there will be no Poverty. Is he realistic? Is he appropriately advised? THE FACTS 1. India has just over 750 Mn people (male and female) in the working age of 18 through 60 years 2. Only less than 80 Mn earn enough to pay tax 3. About 75 Mn somehow scraped into the EPF bracket 4. Another 75 Mn are squeezed into the ESI bracket 5. The above data tells us that not less than 520 Mn BoP working class are struggling without any organized, sustainable work The real ground-level fact is that India has close to 200 Billionaires, but over 650 Mn BoP working class do not earn even Rs.40,000 pa. The MINIMUM DECENT LIVING (MDL) earning power needed for an adult is Rs.300,000. The above referred 650 Mn BoP working class needs this for MDL earning level. That is an outgo of Rs.195 Tr—that is about 58% of our current GDP. Commercial Economics tells us that Labor/wages to an extent of Rs.195 Tr will need business values/value-addition, to an extent of Rs.2,600 Tr ($31.33 Tr). Adding the current $4.1 trillion GDP, we should understand that If India has to move out of Poverty, our GDP must be not less than $36 Tr. But we are now at the abysmally low level of $4.1 Tr (just 11.389% of the MDL datum). One wonders why Our Politico-Officer-Business nexus is making a big noise about "India Shining", "Our Poverty level is only 5%"… etc. One is sad (if not ashamed) that this is the character of our Top echelons of society—trying to mislead all of us and smothering the truth India has to work differently, to overcome the reality of Poverty. Political skulduggery and misrepresenting facts cannot and will not help HOW DO WE CHANGE? AGROBIOGENICS TECHNOLOGY (ABT) IS THE ANSWER/SOLUTION —A COUNTER-GUARANTEE to "Modi-Guarantee" Dynamic #ENTREPRENEURS will have to come forward CONNECT individually, or in groups: HARIHARAN PV Scientist & Technology Development Engineer-Entrepreneur (DRDO SCIENTIST-AWARDEE) Author: https://lnkd.in/eJpniYZc Mail: [email protected] Ph: 919241524685 GOSSIPERS and SUBJECT HIJACKERS WILL BE BLOCKED

By 2022-23, the top 1 per cent income share in India was 22.6 per cent and the top 1 per cent wealth share rose to 40.1 per cent. The poor becoming more poor and rich becoming more richer. By the way the congress manifesto never talk about Muslims in particular. Just 2% extra tax from the wealthy people will lift at least one crore people per year from poverty. Read the research paper. https://lnkd.in/giYBbNpq

Income Inequality in India. #FinancialSuccess #FinancialFreedom #financialeducation #Financialliteracy #FinancialService #Growth #Longterm #Investments #Income #Inequality #India #Top1 #Top10 #Middle40 #Bottom50 @finshots