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View: Inequality will keep haunting Indian economy long after Covid goes away SECTIONS View: Inequality will keep haunting Indian economy long after Covid goes awayBy Duvvuri Subbarao, TOI Contributor Last Updated: Jul 29, 2021, 10:22 AM IST Share Synopsis Inequalities are morally wrong and politically corrosive. They are also bad economics. The huge consumption base of the bottom half of our population is our biggest growth driver. If they earn more, they will spend more, which will in turn spur more production, more jobs and higher growth. A long queue for food. Last year, 75 million Indians retreated into poverty. When Covid goes away, hopefully soon enough, it will leave behind a more unequal world. This is contrary to historical experience because pandemics, as Thomas Piketty notes in his widely acclaimed book Capital in the Twenty-First Century, have been great levellers.

Thomas pikettyWorld bank researchAzim premji universityPew researchTwenty first centuryReserve bankAnnual statusEducation reportBank researchஉலகம் வங்கி ஆராய்ச்சிஅஸிம் ப்ரேம்ஜி பல்கலைக்கழகம்பியூ ஆராய்ச்சிஇருபது முதல் சிஇஎன்டியுவ்ஆர்ஒய்இருப்பு வங்கிஆண்டு நிலைகல்வி அறிக்கை