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Glaring inequality: India’s rich keep getting richer

The Tribune Editorial: Efforts to reduce poverty should make a qualitative difference on the ground.

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GLOBAL inequality has reached emergency levels, according to a study conducted by a G20 panel of independent experts. The richest 1 per cent captured two-fifths of all new wealth created worldwide between 2000 and 2024, while the bottom half of humanity received a pittance — merely 1 per cent. India is no exception to this disturbing trend — the nation’s richest 1 per cent have expanded their wealth by 62 per cent in just over two decades. The rich are steadily getting richer in the world’s fourth-largest economy, but the poor are generally struggling to become less poor. This economic disparity has only worsened the skewed distribution of resources among the haves and the have-nots.

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