as shown in a recent study which named India as the second most unequal society in the world. According to Credit Suisse Research Institute’s Global Wealth Report, 1% of the Indian population owns 51.5% of the wealth in the country, and the top 10% own about three-fourths of the wealth. On the other hand, the bottom 60%, the majority of the population, own 4.7% of the total wealth.
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Unknown titleny capitalism was soon making fast inroads into the policymaking coteries of India, and this new-found confidence of the private sector bore fruits. But for whom? Definitely not for the masses, <span>as shown in a recent study which named India as the second most unequal society in the world. According to Credit Suisse Research Institute’s Global Wealth Report, 1% of the Indian population owns 51.5% of the wealth in the country, and the top 10% own about three-fourths of the wealth. On the other hand, the bottom 60%, the majority of the population, own 4.7% of the total wealth. Public education and health are the worst hit by capitalism. Education spending by the Centre has been showing a downward trend — from 6.15% in the 2014-15 Budget to 3.71% in the 2017-1 Summary
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