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India's Wealthiest 0.1% Report Less Than 2% Income

4/14/2025

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Summary

Story summary

A striking study by Ram Singh from the Delhi School of Economics uncovers a troubling trend: India's wealthiest 0.1% declare less than 2% of their vast fortunes as income. This alarming under-reporting not only skews the tax system but also deepens the chasm of income inequality, leaving the nation's poorest to bear the burden.

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Story summary

A striking study by Ram Singh from the Delhi School of Economics uncovers a troubling trend: India's wealthiest 0.1% declare less than 2% of their vast fortunes as income. This alarming under-reporting not only skews the tax system but also deepens the chasm of income inequality, leaving the nation's poorest to bear the burden.