#298 India's income gap now worse than British rule, says financial analyst - India Today

India's escalating income inequality, asserting that it has now surpassed levels seen during British colonial rule. Financial analyst Hardik Joshi is cited, providing stark data revealing that the wealthiest 1% of the population controls over 40% of the nation's wealth, while the bottom 50% possesses a mere 6.4%. Joshi attributes this severe disparity to a system designed to protect the rich through favorable tax policies, weak labor protections, and the influence of the wealthy on politics and media. The analyst advocates for systemic changes, including wealth taxation and increased investment in social services, to address this widening gap.