There is increasing worry that in some areas of critical importance the situation in India has been deteriorating steadily during the last eight years or so. As India is home to about 18 per cent of people in the world, this is clearly a matter of urgent concern. Hence a review of these disturbing trends is urgently needed with a view to suggesting suitable remedial actions for checking this deterioration.

Inequalities have been increasing recently to record levels. According to the World Inequality Report, after years of significant reduction of inequalities in the post-independence period, inequalities are coming back to their colonial levels in recent times. This report tells us that the bottom 50% have only 6% of the wealth, while the top 1% have 33% of the wealth. The bottom 50% have only 13% of the income, while the top 1% have 22% of the income.

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