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Rahul Gandhi , Narendra Modi, Arvind Kejriwal all underplay how rising inequality threatens India’s future Read more at: http://economictimes.indiatimes.com/articleshow/29644995.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign

One candidate rails against corruption . Another advocates redistribution and empowerment, while a third promises new national pride stoked by development and a sense of Hindu victimhood. Meanwhile, each leader sidesteps a glaring fact about the country they seek to lead: rising economic inequality threatens our future.
Tuesday in the US, President Obama made inequality a centrepiece of his State of the Union address, and tolerance for inequality has been steadily shrinking elsewhere - a trend embodied by Occupy movements from New York to Johannesburg. As politicians scrambled to respond , minimum wages rose for British food service workers, Manila housekeepers and Cape Town farmers.
Under international pressure , China addressed inequality by increasing domestic consumption , instead of relying on exports to drive growth. Taxes on the world's ultra-rich rose too, although it remains to be seen how such 'anti-inequality' baby steps will move Gini coefficient dials. In the Indian election campaign , and in our political debate more generally, it's striking how divorced we seem from this recent global focus on inequality - even though OECD
reported that India's income inequality doubled in the two decades to 2011. The word goes unmentioned in Arvind Kejriwal's book Swaraj, in Rahul Gandhi's recent TV interview, and in Narendra Modi's Republic Day blog on his 'idea of India' . It's a detachment that seems especially perverse in the context of our major cities, homes to some of the most extreme inequality in the world. UnhappyUnhappyUnhappy
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