‘India can grow even faster with less inequality’: Economist Thomas Piketty

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He advocated for a 2% wealth tax on the ultra-rich to fund public services and broaden the tax base, citing China's success with increased tax revenue and reduced inequality.

Economist Thomas Piketty addressed India's extreme inequality, second only to South Africa.

He emphasized India's potential for faster growth and poverty reduction with less inequality.

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Article Details

Author / Journalist: Sidhartha and Surojit Gupta

Category: EconomyBusiness

Markets: IndiaBrazilChinaSouth Africa

Topics: Thomas piketty Ris Delhi school of economics

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-14 @ 14:16:12 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 1190 words

Reading Time: 7 minutes read

Sentences: 61 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24405473

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