According to the World Inequality Report 2022, India stands out as a “poor and very unequal country, with an affluent elite”, where the top 10% holds 57% of the total national income, including 22% held by the top 1%, while the bottom 50% holds just 13% in 2021. This highlights that a country that has won political democracy after years of struggle for independence is still far behind in arena of economic democracy.
Economic Democracy
It refers to a system where people share ownership over the resources in their ....
