The creation of an International Panel on Inequality deserves urgent attention as global inequality reaches ‘emergency levels’, endangering democracy and social cohesion

Despite numerous welfare models being implemented across nations, the gap between the rich and the poor continues to widen. In India, the inequality is even more pronounced. India’s richest 1 per cent increased their wealth by 62 per cent between 2000 and 2023, according to a recent report commissioned by the G20 Group. This trend reflects global patterns of rising wealth concentration. The rich are steadily getting richer in the world’s fourth-largest economy, but the poor are getting poorer. The study found that the richest 1 per cent of people in the world captured 41 per cent of all new wealth created between 2000

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