Stay updated with the latest economic-inequality news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on economic-inequality topics.
NEW DELHI: India's trade with the key BRICS bloc -- Brazil, Russia, India, China, and South Africa -- has expanded significantly over the past four years, reaching a total volume of US$ 399 billion in 2024. This reflects a robust compound annual growth rate (CAGR) of nearly 20% between 2020 and 2024. However, the sharp rise in trade has also resulted in a widening imbalance. While India's imports from BRICS countries touched US$ 304 billion, its exports stood at a relatively modest US$ 95 billi ...Read More >
India is much better placed than countries like China, the USA and the United Kingdom. (Representational) New Delhi: Inequality in India has come down significantly between 2011-12 and 2022-23, making it the fourth-most equal country globally, according to a World Bank report. This is in addition to a sharp decrease in extreme poverty, which has dropped from 16.2 per cent in 2011-12 to 2.3 per cent in 2022-23, an official release said quoting World Bank data. The government attributed the re ...Read More >
Kochi: Edison Babu's neighbours in Muvattupuzha knew him as the quiet engineer who had returned home during the pandemic. The 35-year-old former auto industry professional seemed to lead an unremarkable life in this sleepy Kerala suburb, occasionally visiting the local post office with packages: nothing unusual for someone running what appeared to be a small online business. What they didn't know was that their mild-mannered neighbour had built India's most sophisticated darknet drug empire, o ...Read More >
Mumbai: Chief Justice of India (CJI) BR Gavai spoke at a felicitation event organised by the Advocates Association of Western India (AAWI) in Mumbai, delivering an emotional and thought-provoking address that touched upon judicial responsibility, constitutional ideals, and the sacrifices of the armed forces. The CJI reflected on the foundational values of India's Constitution, warning that unless social and economic inequality is addressed, "the entire edifice will collapse like a house of card ...Read More >
New Delhi, Jul 5: India has emerged as one of the most income-equal countries in the world, ranking fourth globally with a Gini Index score of 25.5, according to the latest World Bank data as reported by TOI. This places India ahead of major economies including China (35.7), the United States (41.8), and all G7 and G20 nations. Only the Slovak Republic, Slovenia, and Belarus rank higher in income equality. The Gini Index measures income distribution on a scale from 0 (perfect equality) to 100 ( ...Read More >
New Delhi, Jul 5 (PTI) Inequality in India has come down significantly between 2011-12 and 2022-23, making it the fourth-most equal country globally, according to a World Bank report. This is in addition to a sharp decrease in extreme poverty, which has dropped from 16.2 per cent in 2011-12 to 2.3 per cent in 2022-23, an official release said quoting World Bank data. Also Read | 'We Negotiate From Position of Strength, Not Under Deadlines': Union Minister Piyush Goyal on India-US Trade Deal Af ...Read More >
New Delhi, Jul 5 (PTI) Inequality in India has come down significantly between 2011-12 and 2022-23, making it the fourth-most equal country globally, according to a World Bank report. This is in addition to a sharp decrease in extreme poverty, which has dropped from 16.2 per cent in 2011-12 to 2.3 per cent in 2022-23, an official release said quoting World Bank data. The government attributed the reduction in inequality to various initiatives and schemes pursued during the last decade. The on ...Read More >
New Delhi [India], July 5 (ANI): India has emerged as one of the most equal societies globally, with a Gini Index of 25.5, according to the latest data from the World Bank. Ranking fourth worldwide in income equality, India now stands just behind the Slovak Republic, Slovenia, and Belarus. "It reflects how India's economic progress is being shared more evenly across its population. Behind this success is a consistent policy focus on reducing poverty, expanding financial access, and delivering ...Read More >
New Delhi: President Donald Trump signed into law a sweeping tax and spending bill on Friday during a high-profile Independence Day event at the White House, marking a major legislative victory for his administration and a defining moment of his second term. The ceremony, held on the South Lawn and infused with the pageantry of military flyovers and cheering supporters, featured a fiery speech by Trump in which he touted the legislation as a historic achievement. The event took on the tone of a ...Read More >
Lucknow: Three day Mango Festival 2025 kicked off at Awadh Shilp Gram in Lucknow, featuring more than 800 mango varieties from across India. The event celebrates mango diversity, horticultural innovation, and the growing role of Uttar Pradesh in India's fruit export ecosystem. Organized with participation from farmers, exporters, scientists, and food processing units, the festival offers a platform to promote mango-based trade and technology. Mangoes like Dussehri from Lucknow, Langda from Vara ...Read More >
New Delhi [India], July 2 (ANI): Union Minister of Communications Jyotiraditya Scindia slammed Congress President Mallikarjun Kharge while responding to his 'X' post, which targeted the Union Government for making 'false claims' and 'unfulfilled promises' about the Digital India mission. The Union Minister mentioned that India's era of 'buffering' ended with the Congress regime, whereas the nation has shifted to 5G under Prime Minister Narendra Modi. Jyotiraditya Scindia thanked Congress presi ...Read More >
New Delhi [India], July 1 (ANI): As the Digital India Mission completed 10 years on Tuesday, BJP leader Pradeep Bhandari drew contrast between the BJP and the opposition bloc and said that while the INDI Alliance is associated with 'corruption and nepotism,' the Modi government is associated with the model of development. The BJP leader praised the central government for the success of Digital India and stated that the country now accounts for 50 per cent of global financial transactions, a tes ...Read More >
JAMMU, July 02: With the annual ShriAmarnathJiYatra 2025 set to commence tomorrow, a vibrant spiritual atmosphere prevails at the YatriNiwas Base Camp in Bhagwati Nagar, Jammu, where around 3,500 pilgrims are ready to begin their sacred journey. "All arrangements have been made, and nearly 3,500 pilgrims are currently stationed at the Jammu Base Camp," said Rajesh Raina, a senior officer of the Tourism Department, speaking to Rising Kashmir. Registration counters have been set up inside YatriN ...Read More >
New Delhi [India], July 1 (ANI): As the Digital India Mission completed 10 years on Tuesday, BJP leader Pradeep Bhandari drew contrast between the BJP and the opposition bloc and said that while the INDI Alliance is associated with 'corruption and nepotism,' the Modi government is associated with the model of development. The BJP leader praised the central government for the success of Digital India and stated that the country now accounts for 50 per cent of global financial transactions, a tes ...Read More >
New Delhi: US President Donald Trump on Tuesday suggested that Tesla CEO Elon Musk could face deportation as their increasingly personal feud intensified over Trump's sweeping tax-cut and spending reduction plan, dubbed the "Big Beautiful Bill." Asked by reporters whether he would consider removing Musk from the country, Trump replied, "I don't know, we'll have to take a look," according to Newsweek. The president went further, threatening not only to strip subsidies but to unleash DOGE, the D ...Read More >
New Delhi [India], July 1 (ANI): Prime Minister Narendra Modi shared a blog titled "A Decade of Digital India" on his official LinkedIn handle, celebrating 10 years of the Digital India mission. He described how India has transformed from limited internet access and digital services in 2014 to becoming a global leader in digital technology in 2024. Also Read | Lea Seydoux Birthday: Charming Red Carpet Looks to Ogle At (View Pics). PM Modi said that earlier, people doubted if Indians could use ...Read More >
Kanpur (UP), Jun 8 (PTI) RSS chief Mohan Bhagwat on Sunday exhorted its members to reach out to every family and work to unite all Hindus, asserting that the goal is to build a society that is free of inequalities like casteism and is aware of its responsibility towards the nation. The Rashtriya Swayamsevak Sangh chief, who arrived here on Saturday on a two-day visit, made the remarks while speaking to volunteers at the Deen Dayal Upadhyaya School in Nawabganj. "We should have contact with eve ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastr ...Read More >
New Delhi: Nearly 270 million people moved out of extreme poverty in India between 2022- 23 and 2011-12, when their number shrank to 5.3% of the population from 27.1%, according to latest data released by the World Bank. India's achievement comes even as the multilateral lender raised the global threshold to measure extreme poverty to $3 per person per day from $2.15 and incorporated the 2021 purchasing power parity (PPP) for the calculation. "While the change (in threshold) led to a global in ...Read More >
Chennai: Over the past decade India has lifted 171 million people from extreme poverty. Those living on less than $2.15 per day fell from 16.2 percent in 2011- 12 to 2.3 percent in 2022-23, finds the World Bank. However, Wage disparity remains high, with the median earnings of the top 10 per cent being 13 times higher than the bottom 10 per cent in 2023-24. Rural extreme poverty dropped from 18.4 percent to 2.8 percent, and urban from 10.7 percent to 1.1 percent, narrowing the rural-urban gap f ...Read More >
Guwahati: Madhya Pradesh Chief Minister Mohan Yadav on Saturday announced that he has requested Union Home Minister Amit Shah to order a Central Bureau of Investigation (CBI) probe into the disappearance of an Indore-based woman in Meghalaya. Chief Minister Mohan Yadav, in a public statement, stated that he has already discussed the grave matter with Meghalaya Chief Minister Conrad Sangma. Ready for a challenge? Click here to take our quiz and show off your knowledge! He added that police off ...Read More >
New Delhi [India], June 7 (ANI): While the World Bank's revision to global poverty estimates led to a global increase in the count of extreme poverty by 125 million, India emerged as a statistical outlier in a positive direction, according to the government's factsheet analysis. The World Bank recently raised the International Poverty Line (IPL) from USD 2.15 to USD 3.00 per day (based on 2021 purchasing power parity). The revision was intended to reflect updated costs of living and more accura ...Read More >
Hyderabad: The bodies of seven Maoists in the ongoing combing operations and gunfight inside the Indravati National Park of Bijapur district in Chhattisgarh were recovered on Saturday, June 7. After the killing of Communist Party of India (Maoist) central committee member Narasimha Chalam alias Sudhakar on June 5, another top leader and special zonal committee member of the Telangana state committee, Mylarapu Adelu alias Bhaskar, was gunned down on June 6. He was carrying a bounty of Rs 45 lakh ...Read More >
New Delhi [India], June 7 (ANI): While the World Bank's revision to global poverty estimates led to a global increase in the count of extreme poverty by 125 million, India emerged as a statistical outlier in a positive direction, according to the government's factsheet analysis. The World Bank recently raised the International Poverty Line (IPL) from USD 2.15 to USD 3.00 per day (based on 2021 purchasing power parity). The revision was intended to reflect updated costs of living and more accura ...Read More >
After the banned CPI (Maoist)'s general secretary Nambala Keshava Rao alias Basavaraju was killed in an encounter between Maoists and security forces on May 22, Union Home Minister Amit Shah reiterated that Naxalism will be eliminated from the country by March 31, 2026. In the Congress-ruled Telangana, however, B Mahesh Kumar Goud, the Telangana Pradesh Congress Committee (TPCC) president, says that the government should not use iron fist to wipe out Maoists but deal with them through "legal an ...Read More >
After the banned CPI (Maoist)'s general secretary Nambala Keshava Rao alias Basavaraju was killed in an encounter with security forces on May 22, Union Home Minister Amit Shah reiterated that Naxalism will be eliminated from the country by March 31, 2026. In the Congress-ruled Telangana, however, B Mahesh Kumar Goud, the Telangana Pradesh Congress Committee (TPCC) president, says that the government should not use iron fist to wipe out Maoists but deal with them through "legal and constitutiona ...Read More >
Belagavi (Karnataka) [India], December 26 (ANI): Karnataka Chief Minister Siddaramaiah arrived for the Congress Working Committee (CWC) meeting, 'Nav Satyagrah Baithak,' in Belagavi on Thursday. "To mark the 100 years of the 1924 Congress session, we are holding this convention here and AICC has taken the decision to hold a CWC meeting in Karnataka under the chairmanship of Mallikarjun Kharge," the Karnataka CM told ANI. Also Read | Delhi Air Pollution: Dense Fog Grips National Capital Amid 'V ...Read More >
Hyderabad: Databricks, the Data and AI company, announced its Series J funding. The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion to date. This funding values Databricks at $62 billion and is led by Thrive Capital. Along with Thrive, the round is co-led by Andreessen Horowitz, DST Global, GIC, Insight Partners and WCM Investment Management. Other significant participants include existing investor Ontario Teachers' Pension Plan and new investors ...Read More >
NEW DELHI, Dec 13 (Reuters) - India should do more to tax its super-rich given its high levels of inequality, French economist and author Thomas Piketty said on Friday. The writer of the best-selling book "Capital in the 21st Century" called on India to follow through on a July pledge by finance ministers from the Group of 20 major economies to cooperate on effectively taxing the world's largest fortunes. "India should be active in taxing the rich," Piketty said at an event organised by Delhi- ...Read More >
Ulan Bator: Mongolia's economy is projected to grow by 5.3 per cent in 2024 and 6.5 per cent in 2025, driven by robust mining production and domestic demand, according to the World Bank's latest semi-annual Mongolia Economic Update on Friday. Economic growth in Mongolia remained steady at 5.7 per cent year-on-year during the first half of 2024, with high-frequency data indicating continued momentum into the third quarter, Xinhua news agency reported. The World Bank attributed this solid perfor ...Read More >
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