Corporate profits rising on wage squeeze, creating dangerous inequalities Nouriel Roubini1 min read . Updated: 10 Dec 2020, 11:09 PM IST
- The rising inequality is 'dangerous' politically and socially because only a few people in the economy are benefitting, Nouriel Roubini said
- India needs to look at newer partners to source goods which are essential for it and decrease its reliance on China, Nouriel Roubini said
MUMBAI : The handsome 25 per cent rise in corporate profits in the September quarter amid a sharp contraction in GDP was on the back of wage squeezes, leading to rise in inequalities in India, economist Nouriel Roubini said on Thursday.
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