Recently, Tamil Nadu farmers from south India protested for their poor plight in the most desperate way at Jantar Mantar. To tell the government about their starving situations, these farmers shown themselves as eating their own excreta. There were other protests also some violent, some dropping their farm products on roads. On the other hand, there is Forbes list of billionaires 2017, in which number of Indians touched to 100 for the first time in last three decades. Only three countries, U.S., China, and Germany, have more.
Concern of Rising Inequality
Renowned French economist Thomas Piketty and his colleague Lucas Chancel published a paper “Indian Income Inequality, 1922-2014: From British Raj to Billionaire Raj?” in July 2017. Recently the paper had got the attention of newspaper “Livemint”. It highlighted the findings of the paper and raised a question on the rising inequality in India. This is not the first working which had raised questions on inequality problem in India. Many Indian economists had raised their concern through their work over and over again. Noble laureate Dr. Amartya Sen is probably the first one to raise the question on relatively lower improvement in social indicators despite having economic growth. Economic Survey 2017 had also raised concern over rising inequality among Indian states on the basis of Income and Consumption. This can be taken as an acknowledgment from the government side also.