Key Points
Alleging that the "widening gap" between the ultra-rich and the middle class is "more and more apparent" under the Modi government, Congress MP Jairam Ramesh on Monday said analysis of income tax returns from 2013-14 to 2021-22 "confirmed" increasing income inequalities in the country...
The analysis of income tax returns reveals a widening gap between the ultra-rich and the middle class during the tenure of the Modi government..
The data speaks volumes--during the financial year 2013-14, the top 1 per cent of income taxpayers collectively accounted for 17 per cent of all income, Jairam Ramesh claimed in a post on X (formerly Twitter)...
Fast forward to 2021-22, and that same elite group was responsible for a staggering 23 per cent of the nation's income, he claimed.. "An analysis of the publicly available data on income tax returns for the period 2013-14 to 2021-22 confirms one of the essential themes of the Bharat Jodo Yatra--that of increasing income inequalities..
The top 1 per cent of income taxpayers witnessed a remarkable year-on-year income growth rate of 13 per cent from 2013-14 to 2021-22, the senior Congress leader claimed...
