The inequality gap in India is truly frightening, BJP MP Varun Gandhi said on Thursday.
"One per cent owns 63 per cent of India. The average value of the top 10 per cent of Indians is around Rs 2 crore which is 50,000 times more than the poorest of India," Gandhi said.
He was addressing over 600 students and members of faculty at the management school Great Lakes Institute of Management near here.
Close to 40 per cent of the Indian youth were employed as casual labour, Gandhi added.
The Lok Sabha member said that with nearly 30 per cent of the Indian population being poor, it was strange there was no indexation of poor people in India. "It is almost like poor people are lost in the mist around us."
He also opposed the practice of lawmakers increasing their salaries on their own.
"In the last five years, the Lok Sabha has increased salaries of MPs by four times. I have never drawn a salary. I have been an MP for around eight and a half years. Every month I used to mention the name of a NGO to whom the amount should be sent," Gandhi said.
Gandhi said that between 1952 and 1972, Parliament on an average worked 130 days a year.
"For the last 15 years we worked 55-60 days a year at an average. Sixty-two per cent of laws were passed in Parliament without any discussion."
--IANS
vj/mr/rn
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
