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T N Ninan: Growth with inequality

While the vocal public agrees GDP growth is central to national purpose, there's a lack of debate about growing inequality

T N Ninan 

T N Ninan 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 ...

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First Published: Fri, September 29 2017. 19:12 IST
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