India’s inequality gap has widened sharply under Prime Minister Narendra Modi’s decade in power, with the richest 1% of the population now owning 40% of the country’s wealth, a new study found.
  • TacticsConsort@yiffit.netEnglish
    383·
    3 months ago

    For quality, I think it would be quite sensible to include figures from a few other countries. These findings mean very little when they lack context; we need to know how they compare to other big economies like the US, UK, Germany, Italy, Russia, China (if you can get accurate data on Russia and China), and Japan.

  • mightyfoolish@lemmy.worldEnglish
    7·
    3 months ago

    I would love to see how wealth inequality was viewed (so if it was culturally acceptable) and distributed in older Indian governments.

    • faintwhenfree@lemmus.orgEnglish
      41·
      3 months ago

      Probably was not much different. My guess is it jumped from like 35% to like 40%. Important thing I see is GDP per capita is growing steadily, wish there was something government was doing to combat equality more, but I don’t trust for a second alternative government’s would address this either.

    • umbrella@lemmy.mlEnglish
      3·
      3 months ago

      me too, this was probably coming for a long time. it didnt just magically get like this.

  • moistclump@lemmy.worldEnglish
    5·
    3 months ago

    Richest 1% own that 40%, for everyone’s reference. Rest of the article is pay walled or something, not showing up on my reader.

  • somethingchameleonEnglish
    32·
    3 months ago

    All according to plan.

    Idk about ya’ll, but I see no shortage of useful idiots proud to sell themselves out to avoid conflict with the ruling class or their cognitive dissonance.

    I genuinely have no hope for this generation.