Wealth concentration refers to the accumulation of assets in the hands of a small percentage of the population. This phenomenon can lead to economic inequality and social stratification. In India, historical factors have contributed to wealth disparities. The impact on society is significant. Addressing this issue is crucial for equitable development and social justice. Policies must aim to redistribute wealth effectively.
The World Inequality Report (WIR) 2026, released this week, paints a stark picture of a world where prosperity is increasingly concentrated at the top — not only within...
