The Mahayuti landslide in Maharashtra will leave the state assembly without a leader of opposition as no party outside the ruling alliance has been able to get the mandatory minimum 29 seats.
India's economic growth forecast for 2025 has been revised downward to 6.3 per cent, and despite a projected moderation, the country remains one of the fastest-growing large economies, supported by resilient consumption and government spending, the United Nations has said.
South African President Cyril Ramaphosa, a former anti-apartheid activist and freedom fighter, responded to Trump's claims at their meeting in the Oval Office diplomatically, countering Trump's assertions.
Claims of a spike in poverty and inequality in India during the Covid-19 pandemic are patently false as such claims are based on uncomparable different surveys, according to a paper co-authored by eminent economist Arvind Panagariya. The paper also noted that inequality fell in the country during Covid years, both in rural and urban areas as well as nationally. Panagariya, Columbia University Professor and former vice chairman of NITI Aayog and Vishal More of Intelink Advisors, New Delhi have co-authored a detailed paper 'Poverty and Inequality in India: Before and After Covid-19'.
Over 25 crore workers across India are set to strike against new labour codes and privatisation, potentially disrupting banking, postal, and other essential services.
Taxing capital less may not lead to more investments but taxing more will drive capital away, Chief Economic Advisor V Anantha Nageswaran on Friday said during a discussion on Inequality, Economic Growth and Inclusion. While it is easy to drive capital out, bringing it back is a lot harder, said Nageswaran.
Justice BV Nagarathna also partially agreed with the majority verdict but criticised the CJI's views on Justice Iyer's judicial approach in dealing with "material resources" and state's power over them.
On average, Indian women are having fewer children than needed to maintain the population size from one generation to the next, without migration.
In 2019, out of the 1,440 minutes in a day, Indian youth spent 148 minutes on employment-related activities, which increased to 158 minutes in 2024.
'It has changed the political character of India by ejecting socialism as an ideology from the Constitution of India.'
Stepping up its attack on Prime Minister Narendra Modi over his 'redistribution of wealth' remark, the Congress on Tuesday said he will never tell people that more than 40 per cent of the wealth created in the country from 2012 to 2021 has gone to just one per cent of the population, and asserted that only an Indian National Developmental Inclusive Alliance (INDIA) government can deliver a vastly more inclusive economic growth.aax
'For the first time in this country, perhaps the first time anywhere, we are going to use backwardness index.' 'It is a fundamental shift in the discourse in the country's social justice.'
"India is a welfare state and, therefore, we cannot allow either extreme poverty or inequality," he said.
Key drivers of these risks can be arrested or reversed through building more inclusive societies, for which international cooperation and long-term thinking will be vital
In the Muslim community, views on this Lok Sabha election seem to vary, with some seeing it as crucial for India's pluralism while others feel neglected by political parties.
Congress president Mallikarjun Kharge has accused the BJP of rigging the Maharashtra assembly elections and called for a return to ballot paper voting. He also criticized the Modi government for selling off public assets, undermining democratic institutions, and promoting communal polarization. Kharge's remarks come as the Congress prepares for its AICC session in Ahmedabad, where it will present its political and economic views.
The Tamil Nadu government will constitute an 'economic advisory council' to the chief minister comprising Nobel laureates, former Reserve Bank of India governor and other economic experts from around the globe to advise the state on how to reverse the economic slowdown.
India's economic condition is expected to improve by 2022 though the gap between the rich and the poor would widen, said C K Prahalad, management consultant and author of corporate strategy, including The Core Competence of the Corporation, said on the sidelines of the CII press conference.
Every patriot should learn from our history and recognise that celebrating size will neither negate nor obscure the huge economic challenges that India faces, asserts Rathin Roy.
Debroy's economic interests and research work covered numerous areas such as economic theory, income inequality, and infrastructure financing.
'I am optimistic about the Budget because of the fiscal discipline the government has committed to.'
American economic historian and labour economist Claudia Goldin won the 2023 Nobel Economics Prize for her work examining wage inequality between men and women, the Royal Swedish Academy of Sciences said on Monday. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2023 was awarded to 77-year-old Claudia Goldin "for having advanced our understanding of women's labour market outcomes" the prize-giving body said in a statement. Goldin will receive 11 million Swedish kronor, or around $1 million, as the sole winner of this year's prize.
The share of rent in consumption expenditure has risen to 6.58%, according to the Household Consumption Expenditure Survey 2023-2024. This is the highest it has been in surveys going back to the turn of the millennium.
The birth anniversary of Dr Bhimrao Ramji Ambedkar, whose political influence has surged with the passage of time, on Monday was marked by bitter trading of charges between the ruling BJP and opposition parties as they fought for his legacy.
Growth in corporate profits needs to be commensurate with wages to boost the economy, Economic Survey 2024-25 said, noting that sharp disparities between the two pose risk to the economy by curbing demand. The document tabled in Parliament on Friday noted that while the labour share of GVA (gross value added) shows a slight uptick, the disproportionate rise in corporate profitsredominantly among large firmsaises concerns about income inequality.
'Cases of molestation and rape are reaching the doorstep of households irrespective of their socio-economic status. That's the extent to which criminals are feeling emboldened today.'
'Suddenly we had a new comprehension of affairs, which reminded that the luxury of politics floated atop a foundation by economics.' 'Along with this, finance ministers became crucial in molding the perception and reputation of Union Cabinets.' 'Governments couldn't afford a wrong person in that portfolio,' asserts Shyam G Menon.
As the poverty rates in the country declined below 5 percent in 2024, a research study by State Bank of India also highlighted that the extreme poverty in the country has been reduced to minimal.
The United Kingdom extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.
The paper said that the taxation proposal needs to be accompanied by explicit redistributive policies to support the poor, lower castes, and middle classes.
Democracies avoid serious political turbulence only so long as they ensure that the relative level of inequality between the rich and the poor does not become excessively large, says Vice President M Hamid Ansari.
While advancements in biotechnology hold immense promise for health and innovation, they also come with significant risks if misused.
'Inequality has been growing in the world. The virus has only amplified it.'
In Kerala's society, known for its high material standard of living, plunging into a state of having nothing overnight can be terrible for one's social standing and sense of self-esteem. Rehabilitation entails piecing a community back together after a disturbance and while its aim is noble, the act of reassembling will bring alive disparities and inequalities, explains Shyam G Menon.
The issue of increasing inequality on the consequences of the economic policy trajectory has featured prominently in the public debate since the early 1990s. It came to a head during the general elections of 2004.
Inequality in India has skyrocketed since early 2000s, with the income and wealth share of top 1 per cent population rising to 22.6 per cent and 40.1 per cent, respectively, in 2022-23, according to a working paper. The paper titled 'Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj' said between 2014-15 and 2022-23, the rise of top-end inequality has been particularly pronounced in terms of wealth concentration.
India's opposition parties have sharply criticized the Union Budget, calling it inadequate to address the country's economic woes and accusing the BJP-led government of using it to woo voters in Bihar and Delhi ahead of upcoming elections. Leaders from the Congress, TMC, DMK, SP, and CPI(M) voiced their disapproval, highlighting concerns over inflation, unemployment, and the lack of substantial measures to support the agricultural sector and the poor. They also criticized the tax cuts for the middle class as insufficient and coming too late after years of high taxes and rising prices.
'Binary fission will happen -- startups will lead to more startups.'
'...how do they consume and contribute to the GDP?'
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