Reducing inequalities in India

Persisting and increasing inequalities have been a defining feature of our times. French economist Thomas Picketty, in his seminal work Capital in the Twenty-First Century, has postulated that inequalities are here to stay as they are hardwired into the system. Returns to capital have been, and continue to be, much greater than those that are possible from labour. The rich have the capital, which keeps multiplying even while they are asleep, while the poor can rely only on their labour, which will never be enough to catch up.


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