A Wealth Tax on the Super Rich Would Help Address India's Inequalities

Economist Jayati Ghosh talks about how previous budgets have cut down welfare spending in the name of making government programmes more 'effective', while continuing to provide tax breaks to corporations.

Jayati Ghosh

Jan 26 2025

a wealth tax on the super rich would help address india s inequalities

Representational image of Mumbai. Photo: Bernard Gagnon/Wikimedia Commons. CC BY-SA 4.0.

In the sixth episode of 'Budget 2025: What's at Stake?', renowned economist and professor at the University of Massachusetts, Amherst, Jayati Ghosh, talks about the ways in which previous budgets have cut down on welfare spending in the name of making government programmes more "effective", while continuing to provide write-offs and tax breaks to large corporations.

If the 2025-26 Budget is keen to address socio-economic inequalities in India, introducing even a small wealth tax on the super rich would go a long way, she argues.

This series is a collaboration between the Centre for Financial Accountability and The Wire.

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