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Budget 2021: Setting Priorities Amid Rising Inequality
Can Budget 2021 policies be designed to reduce the widening inequality post the Covid-19 crisis?
20 Jan 2021, 11:47 AM IST
The Covid-19 crisis is widely believed to have worsened inequalities across economies, including in India.In aggregate, India’s per capita GDP in FY21 is estimated to fall to Rs 1.43 lakh — a contraction of 5.2% in nominal terms. In nominal U.S. dollar terms, India’s GDP per capita is estimated to fall to $1,876.5 in FY21, from $2,097.78 the previous year, the International Monetary Fund said in October.Beyond the headline, many beli...
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