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Wealth disparity rose six-fold in 17 years, says development study

The study talks of widening wealth inequalities at a time when there is speculation in certain quarters about restoring the inheritance tax in the Budget for 2019-20

Former PM Manmohan Singh will release the study on Monday
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Former PM Manmohan Singh will release the study on Monday

Sanjeeb MukherjeeIndivjal Dhasmana New Delhi
Wealth inequality has risen six times between 2000 and 2017, shows a study to be released by former prime minister Manmohan Singh on Monday.

The study, the Social Development Report (SDR) 2018, prepared by the Council for Social Development (CSD), attributes the inequality to economic liberalisation and the rigid social structure in the country.

When contacted, T Haque, who is one of the co-editors of the report, said: “We will tell the former prime minister that he was the one who initiated economic liberalisation.”

Haque, who was chairperson of the Commission for Agricultural Costs and Prices (CACP), is distinguished professor at the CSD.