The sharp criticism that has confronted the Modi government in the wake of slower growth of the gross domestic product (GDP) makes it clear that the vocal public has bought the idea of GDP growth being central to the national purpose. What is equally instructive is the lack of debate that has flowed from a recent paper showing sharply growing inequality. Thomas Piketty (celebrated author of Capital) and co-author Lucas Chancel have produced a provocatively titled monograph, From British Raj to Billionaire Raj? Released a couple of months ago, it says that the rich pocketed almost all of the benefits of
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