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India announced economic growth of 8.2% for its 2023-2024 fiscal year. It is undoubtedly one of the most significant economic growths in the world. But this figure should not mask the important inequalities that still affect a very large number of people in this country. A study from the World Inequality Lab highlights that India's Income Inequality is now worse than under British Rule ! And it is true that when the international press talks about India, it is often to mention the names of businessmen who are among the greatest fortunes in the world. Examples include Mukesh Ambani (Reliance Industries) whose personal fortune is estimated at US$ 116 Billion (Re. Forbes) and Gautam Adani (Adani Group) whose personal fortune is estimated at US$ 86.5 Billion (Re.Forbes). And according to the Hurun Research Institute the current total number of billionaires in India was peaking at 271 in 2023. The authors of this report emphasize that the Billionaire Raj headed by India's modern bourgeoisie is now more unequal than the British Raj headed by the colonialist forces and moreover that India's top 1% had access to a staggering 40.1% of national wealth. That said, it is also important to emphasize that according to the latest United Nations report, India has nevertheless recorded a remarkable reduction in poverty. In fact, in 2023 the UN Development Program and the University of Oxford updated the global poverty index : the result is that 415 million Indians have been lifted out of poverty in 15 years. So certainly the great inequalities which affect the Indian population today are not going to disappear with the wave of a magic wand, but the Indian authorities have taken stock of this great challenge.

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