The vehement arrogance with which Rajeev Chandrasekhar, BJP’s CM pick for Kerala, responded to a German cartoon about India soon overtaking Germany’s GDP betrays both ignorance and foolishness. What matters is per capita income, and income inequality. The Gini coefficient, a statistical measure of economic inequality for India is 0.68, among the highest in the world. The richest 1% of Indians own 58% of wealth, while the richest 10% of Indians lay claim to 80% of the nation's riches. This trend has consistently increased, meaning the rich are getting richer much faster than the poor, widening the income gap. Credit Suisse’s Global Wealth Databook reports that the bottom 10% of the Indian society owned merely 0.2% of national wealth. Our real place in the world is between Ivory Coast and Nicaragua, not ahead of Germany. So Rajeev, please do your homework before responding to something which shows the actual state of the country.
