income inequality

Income Inequality Declines, 74.2% Are Earning Up To Rs 5 Lakh

A recent report from the State Bank of India (SBI) reveals a significant 74.2% reduction in income disparity for individuals earning up to ₹5 lakh annually between the fiscal years 2013-14 and 2022-23. This analysis challenges the common perception of increasing inequality in India. The SBI Economic Department's report examined...

China’s Financial Crackdown: How High-Flyers Became ‘Rats’

In recent years, the landscape of China's finance sector has shifted dramatically, leaving many high-flyers disillusioned and questioning their career choices. Xiao Chen, a private equity professional in Shanghai, reflects the sentiments of countless colleagues who once thrived in a seemingly lucrative environment. “Now I think about it, I definitely...