The informal sector faced a severe blow during the second wave of the pandemic, leading to a reduction in the number of units and workers. However, a gradual recovery was observed after the July quarter of 2021, according to the findings of an official survey reported by TOI. The annual survey of unincorporated sector enterprises (ASUSE) revealed the resilience of the informal sector, with the total number of establishments increasing from 5.8 crore in 2021-22 to 6.5 crore in 2022-23, marking a growth of nearly 5.9%.

Inequality reduced in urban and rural India from 2011-12 to 2022-23, as shown by the Household Consumption Expenditure survey. The Gini coefficient declined, indicating decreased income inequality...

Tracing the trajectory of income inequality in India since its independence reveals a nuanced landscape shaped by diverse economic policies, demographic changes, and political shifts...

Recent statements by senior members of the Congress party have put the spotlight on the problem of inequality in India. The question is whether the claim of the Congress party is true?

India's middle-class, comprising over a third of the population, are the main taxpayers and viewed as the main drivers of country's economic growth. India's middle-class is expected to surge to over a billion by 2047, more than entire populations of US and Europe.