IMF director cites dangerous increase in inequality in many countries including India and US

by PTI

Citing countries like the US and India, the two largest democratic countries, the International Monetary Fund (IMF) Managing Director Christine Lagarde has said that income inequality is increasing dangerously globally.”In India, the net worth of the billionaire community increased twelve-fold in 15 years, enough to eliminate absolute poverty in this country twice over,” said Lagarde delivering the Richard Dimbleby Lecture in London, according to the copy of the speech made available by the IMF.

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