Is today’s India more unequal than under British rule?
In 2014, Narendra Modi swept to power in India with his Bharatiya Janata Party (BJP) pitching him as an economic reformer who would root out corruption and rescue the aspirations of India’s middle class from the clutches of elites – as well as the hellscape of rising prices and unemployment.
Ten years later, as Modi contests for a rare third term, the gap between rich and poor in India – already significant in 2014 – has widened into a canyon, economic researchers warn. India’s income and wealth inequality have become among the highest in the world, worse than in Brazil, South Africa and the United States, reveals a new study by the World Inequality Lab (WIL).
