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For Mahalakshmi R., who has been riding a bike taxi for nearly two years, every increase in fuel and food prices directly cuts into her daily earnings. What was once enough for three modest meals a day is no longer sufficient. “I earn an average of ₹700 to ₹1,000 each day, depending on the number…
Read More “Rising prices in Tamil Nadu and a ship-sized hole in household budget” »
Ranjit K. Jain | Photo Credit: Special Arrangement Name: Ranjit K. Jain Profession: Distributors and channel partners Number of family members: 4 Annual Income: ₹30 lakh For a family in the ₹30-lakh income bracket, the Union Budget is a study in contrasts. While it delivers a major victory for our global aspirations, it remains stubbornly…
Read More “High Income Group: ‘The Budget is a study in contrasts’” »
Dharavi, one of Asia’s largest slums, in Mumbai., located alongside skyscrapers and luxury apartments | Photo Credit: Reuters In 2022, 22.6% of the national income went to the top 1% of Indians. Cut to 1951, their share in the income was only 11.5% and even lower in the 1980s — just before India opened up its…
Read More “Top 1% Indians’ income share is higher now than under British-rule: Data” »