Page-2 of Economic inequality Current Affairs, GK & News
The Asian Development Bank (ADB) has projected India to remain the fastest growing Asian nation with 7.3% growth in 2018-19, and 7.6% in 2019-20. ADB Chief Economist Yasuyuki Sawada has stated that India should not worry about not achieving 8% growth but focus on increasing domestic demand by reducing the income inequality. He said growth ..
The Commitment to Reducing Inequality Index uses a new database of indicators covering 152 countries, which measures government action on social spending, tax and labor rights – three areas found to be critical to reducing inequality. It has been prepared by Development Finance International, Inc. and international NGO Oxfam. India has been ranked 132nd among 152 nations in a ..
India’s financial capital Mumbai, with a total wealth of $950 billion, has been named 12th wealthiest city among the top 15 wealthiest cities globally. Mumbai also features among the top 10 cities in terms of billionaire population. The city is home to 28 billionaires, individuals with $1 billion or more in net assets. According to ..