“‘They hate Indian billionaires, take money from Soros’: Sanjeev Sanyal blasts Piketty, Oxfam for income inequality claims”, Business Today, July 18, 2024:

“Economist Sanjeev Sanyal, who has voiced his opposition to any kind of wealth or inheritance tax, recently hit out at Oxfam and economist Thomas Piketty for “exaggerating” the income inequality issue in India. Oxfam, Thomas Piketty, and some other global NGOs have been claiming higher income inequality in India and want a wealth tax on billionaires to tackle this issue.

Sanyal, however, believes that these global NGOs have different agendas and they want to bring down Indian billionaires and industrialists. “Many NGOs tend to exaggerate these issues. They have a different agenda. They want us to implement wealth tax, inheritance tax, and bring down our billionaires and industrialists,” he said in a podcast TRP.

The economist, a member in the Prime Minister’s Economic Advisory Council, said that this targeting of industrialists has been happening for some time. “When I was in school, we used to always hear about Tata and Birla. Today, the new names are Adani and Ambani,” he said, adding that India needs these industrialists because they are the ones who will invest……”b

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