Inequality in India: what's the real story?

India is suddenly in the news for all the wrong reasons. It is now hitting the headlines as one of the most unequal countries in the world, whether one measures inequality on the basis of income or wealth.So how unequal is India? As the economist Branko Milanovic says: “The question is simple, the...

25 years after liberalisation: India must realise that wealth isn't development unless it is shared

If India stops inequality from rising, it could end extreme poverty for 90 million people by 2019.Twenty five years ago, on July 24, 1991, Finance Minister Dr Manmohan Singh rose in Parliament to present a budget speech that was to alter the destinies of India and its people in fundamental ways. He...