Inequality & Economic Development

The Billionaire Raj: What India’s Inequality Actually Costs

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High inequality in India is not only a fairness concern but an economic constraint. Credit gaps, elite network effects, and reduced social trust limit mobility and misallocate talent. When opportunity depends on background rather than ability, growth slows and institutional capacity weakens, reinforcing a cycle that sustains inequality across generations.

Baliyatra and the Arithmetic of Disappearing Craft

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Once a vibrant showcase of Odisha’s artisanal heritage, Baliyatra now reflects the quiet erosion of traditional crafts under economic pressure. Rising costs, stagnant wages, and shifting market incentives push vendors toward mass-produced goods, turning a cultural institution into a generic marketplace and threatening the survival of skills built over centuries.