Is Thomas Piketty right about inequality in India?5 min read . Updated: 15 Sep 2017, 05:39 AM IST
Thomas Piketty's estimates of inequality in India appear exaggerated on close scrutiny but the issue he raises is an important one
Three years after writing a best-selling book on the growing problem of inequality in the Western world, the French economist Thomas Piketty has turned his attention to inequality in the developing world. In a recent research paper co-authored with Lucas Chancel of the Paris School of Economics, Piketty estimates that the share of the top 1% in India’s income pie is higher than ever before.
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