Income inequality in India grows, should wealth be redistributed? | Business and Economy

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The issue of rising income inequality has taken center stage in the national elections, with India being recognized as the fastest-growing major economy globally. However, the benefits of this economic growth have not reached the poor, with the wealthiest 1% owning 40% of the country’s wealth. Prime Minister Narendra Modi’s tenure has seen a significant widening of the inequality gap, leading to discussions on inheritance taxes and wealth redistribution in the upcoming elections.

In addition, there are questions surrounding the United States’ foreign aid spending and its impact on global stability. Meanwhile, Zambia’s decision to ban charcoal production permits has raised concerns and sparked debate on the reasons behind this action.

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