Brief by Shorts91 Newsdesk / 04:16pm on 03 Apr 2024,Wednesday India
A study reveals India's richest 1% now hold 40% of the nation's wealth under Prime Minister Narendra Modi's tenure, marking a stark rise in inequality. Led by economists including Thomas Piketty, the study warns of social unrest due to worsening inequality. The billionaire class's growth, fueled by Modi's policies, exacerbates the wealth gap. The middle class faces significant wealth loss, with the top 10% pulling ahead. Data quality remains a challenge, urging for transparency to inform policy interventions like a "super tax" on billionaires.
