09 8 / 2012
"The good news is that India’s one per cent club is growing rapidly. Sample this. In 1993-94, the top quintile or top 20 per cent of households in India accounted for 37 per cent of total income. This grew to 53 per cent of total income in 2009-10, and is expected to touch 59 per cent by 2014-15."
I love the idea that the 1% can be “growing rapidly”. And/or, that rising income inequality is “good news”.
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