Income inequality in India is increasing, should wealth be redistributed? | Business and Economy


Rising income inequality is a hot-button issue dominating national elections.

India is the world's fastest growing major economy. But the benefits of India's growth are not reaching the poor. The richest 1 percent of the population owns 40 percent of the country's wealth.

The inequality gap has widened markedly during Prime Minister Narendra Modi's decade in power. It is now a flashpoint in the country's national elections, with hot-button issues including inheritance taxes and wealth redistribution.

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