Does India Need An Urban Employment Scheme? Experts Discuss Ways To Address Inequity | Indianomics

The top 1 percent of India’s population earns 6-7 percent of total income; the top 10 percent earn more than 30 percent of total income, while the bottom 50 percent share 22 percent of total income. These are some of the grim statistics compiled by Professor Amit Kapoor of Stanford University for the Institute for Competitiveness. The report titled, ‘State of inequality in India’, urges the government, among other recommendations, to introduce a basic income for all Indians, and also an employment guarantee scheme for urban areas.#BusinessNews #BusinessNewsToday #BusinessNewsInEnglish #ShareMarketTodayAbout CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.You can also connect with CNBC-TV18 News OnlineCatch the latest news: https://bit.ly/2YbpXBMFollow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/Stay updated with all the market action: https://www.cnbctv18.com/market/stocks/live-blogFollow experts on the most vital topics: https://www.cnbctv18.com/expert-views/Subscribe to our daily newsletter: https://www.cnbctv18.com/newsletter/Subscribe to our Channel: https://tinyurl.com/y6rvugayLike us on Facebook: https://www.facebook.com/cnbctv18india/Follow us on Twitter: https://twitter.com/CNBCTV18News