INDIA’S ECONOMIC GROWTH AND CLIMATE GOALS OF 2030

Context:

A new working paper, titled “Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj”, by World Inequality Lab has estimated that “inequality declined post independence till the early 1980s, after which it began rising and has skyrocketed since the early 2000s”.

1. Enlist a few scholars' approach on inequality in India?

Thomas Piketty	Thomas Piketty calls the tendency for inequality to rise during periods when the rate of return on capital is higher than the economy's rate of growth “the central contradiction of capitalism”. Thomas Piketty calls the tendency for inequality to rise during periods when the rate of return on capital is higher than the economy's rate of growth “the central contradiction of capitalism”.
Amartya Sen	Thomas Piketty calls the tendency for inequality to rise during periods when the rate of return on capital is higher than the economy's rate of growth “the central contradiction of capitalism”.