Economic reforms in India were concomitant with a dramatic rise in income inequality

Excerpts from the chapter “Income Inequality in India” in “World Inequality Report 2018”, prepared by the World Inequality lab, an international non-profit organization: Income inequality in India has reached historically high levels. In 2014, the share of national income accruing to India’s top 1% of earners was 22%, while the share of the top 10% … More Economic reforms in India were concomitant with a dramatic rise in income inequality

Was demonetization able to wipe out all the black money for ever?  55% respondents disagreed

Summary of the survey carried out by Act Now for Harmony and Democracy (ANHAD) on people’s response to demonetization, published in the book “Demonetization: Exorcising the ‘Demon’” (click HERE): On the 8th of November 2016, Prime Minister Narendra Modi announced that Rs 500 and Rs 1000 notes would stand demonetised after 12 O’ clock midnight. … More Was demonetization able to wipe out all the black money for ever?  55% respondents disagreed

Marginalizing the marginal, all in the name of reforms: Demonetization, GST, black economy

By Dr Arun Kumar* The chain of events in the last one year show that in India the marginalization of the marginal has strengthened. All this is happening in the name of reforms. What do reforms in India signify, more pro-business policies without concern for the common people? These policies are often implemented in the … More Marginalizing the marginal, all in the name of reforms: Demonetization, GST, black economy

Social inequalities have existed in India for long; to this we have introduced economic inequalities

By P Sainath* On November 25, 1949, after Ambedkar handed over the draft constitution to members of the Constituted Assembly, he said, “I am handing over this fine document to you in some trepidation. We have entered the world of paradoxes. In politics there is democracy, in society and economy there is no democracy at … More Social inequalities have existed in India for long; to this we have introduced economic inequalities

Financial literacy in India is still not priority, 76% of adults do not understand basic concepts

By Moin Qazi* Finance is the glue that holds all pieces of our life together. Ideal financial societies are those which provide safe and convenient ways of managing these simple monetary affairs. This philosophy is known as financial inclusion. It is providing   financial tools to people —tools that people can afford, that are safe and … More Financial literacy in India is still not priority, 76% of adults do not understand basic concepts

India’s progress is likely to be slow: Fundamental barriers hinder socio-economic progress

By V Santhakumar* Politicians (of all kind) are programmed to promise a drastic change in the status of their country during their term in governments. This is true for economic advisors, industrial lobbies and other reform advocates. Recommendations of magic pills would enhance their acceptance in politics and media. However I am going to outline … More India’s progress is likely to be slow: Fundamental barriers hinder socio-economic progress