India's income inequality now worse than British era, says financial analyst
This stark division indicates that nearly half of the population is struggling with minimal resources, in contrast to a small elite that enjoys significant wealth. Joshi notes, "These numbers aren't abstract. They mean half the country is fighting for crumbs while a tiny fraction lives in unimaginable luxury." This raises the question of why such inequality persists in a nation that produces ample wealth.advertisementJoshi blames the way the system is designed, claiming it protects those already at the top. "Because the system is designed to protect wealth at the top," Joshi explained. "Tax policies that favour the rich. Weak labour protections. Corporate consolidation that crushes small businesses. Real estate and stock market gains that mostly help those who already have capital. Political donations and lobbying that ensure reforms never threaten the wealthy."Many wonder why nothing changes. Joshi believes the powerful benefit from this gap and make sure it stays this way. 'Inequality doesn't hurt those with power — it helps them,' he added.He pointed out that the wealthy fund elections, shape media narratives, and lobby against redistribution efforts that could threaten their wealth. Joshi points out that the wealthy have succeeded in framing assistance to the poor as mere "handouts," while they themselves benefit from subsidies and tax breaks. This manipulation of public perception helps maintain the status quo, with little pressure to address the root causes of inequality.Joshi's analysis suggests that until there is genuine political will to implement reforms such as taxing wealth appropriately and investing in social services, the situation is unlikely to improve.The analyst says that unless there is real effort to tax wealth properly, protect workers, invest in healthcare and education for all, and break up big corporate monopolies, the divide will keep growing.'It's time we stopped pretending this is inevitable. It's time to ask whose interests the system really serves,' Joshi urged. As India continues to grow, the big question remains: Will this growth benefit everyone or just a lucky few?- EndsMust Watch
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