This is the biggest copium I've ever seen. Also did anyone notice Indians online are getting more bellicose these days? They're acting like they are a first world country who's better than China in every metric lol. I do have to say though, India really has a good propaganda department. I mean, it's literally futile to argue with an Indian troll, they really can spin anything shitty happening in their country in their favour. Just look at the tejas crash and brazilian couple rape case
He's full of shit, as always. He cites Piketty, but this is what Piketty wrote on Indian vs Chinese inequality.
How did the dynamics of income and wealth inequality play out in these two countries? Comparing income and wealth inequality in India and China between 1980 and 2022 presents some interesting findings. Focusing on incomes first, top 10% and top 1% income shares were comparable in the two countries in 1980 (Figure 16a). Over the next 4 decades, we identify two key breaks in trends. Between 1980 and the early 1990s, top income shares gradually increased in both countries.
The first trend break was in 1993 when a small gap opens between Indian and Chinese top shares, particularly so for top 1% shares, on the back of the sharp rise in inequality in India post the liberalization reforms of 1991. The second trend-break came in 2006 when Chinese top shares stabilize while Indian top shares continued to grow, creating a wide gap particularly for top 10% shares.37 By 2022, top 1% income shares in India were nearly 50% larger than those in China (22.6% vs 15.7%) and top 10% shares were nearly 35% larger (57.6% vs. 43.4%).
While these results are a worrying sign for India, the flip-side is that China shows it is possible for low- and middle-income economies to achieve high growth without generating the obscene income inequality levels observed in India today. They also show that a mixed economy like China’s, with an important role for the public sector, can be conducive to high growth and moderate inequality, contrasted with India’s experience of moderate growth coupled with extreme inequality.
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