India’s Growth Story – Are We Better Off.. Or, Worse Off..??

United Nations Global Compact (UNGC) report, released this week, stating that richest 1% Indians own 53% of the total, second worst in terms of wealth inequality, puts again a question mark over India’s developmental model. As per an IMF paper, Gini coefficient has risen sharply for the nation since 1990 despite significantly higher growth rate. So, is it is impossible to achieve both growth and lower income inequality and are the two mutually exclusive. A brief look..

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