Development / 22.01.2019

By Anjum Altaf Oxfam presented its new report at Davos whose main takeaway for India is that: "Indian billionaires saw their fortunes swell by Rs 2,200 crore a day last year, with the top 1 per cent of the country’s richest getting richer by 39 per cent as against just 3 per cent increase in wealth for the bottom-half of the population." https://theprint.in/economy/richest-indians-got-wealthier-by-39-worlds-poorest-saw-their-fortunes-dip-by-11-in-2018-says-oxfam-study/180630/ Shekhar Gupta at The Print has castigated this report in very strong terms as methodologically flawed and politically motivated. Please read the news item and watch Gupta's critique then write a comment with your own analysis. Where do you come out on this issue? [I wish he would stay still while speaking -- it is tortuous to watch] https://www.youtube.com/watch?time_continue=10&v=eBvdW4rfMYo Here is a set of expert opinions solicited by The Print: https://theprint.in/talk-point/oxfam-inequality-study-skewed-parameters-to-assess-wealth-or-disbalanced-economic-growth/181348/ Consider the three in conjunction with the following argument which inserts some much needed theory into the debate. https://thebulwark.com/is-all-economic-growth-created-equal/ Read this as...