The income roulette: What does India earn?
Synopsis
When the top-few grow at an accelerated rate that the bottom-most cannot match up to, all growth and progress are bound to be skewed. Such a significant income gap also indicates how a majority section of the population is more prone to falling into poverty than others.
We live in a world of two pandemics — one caused by the virus and the other triggered by poverty. In the poverty pandemic, we are plagued by deprivations, instability and rising vulnerability that are not resilient to any life shocks. Here too, we’re met with the shrillness of depravity and death. In 2018, The top 10%’s pre-tax income accounted for 57.1% in India, while the bottom 50 % held a 13.1% share. As per the World Inequality Report
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