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The Indian economy is at a defining moment where the future might show a reversal from the trend of the consumption-driven growth phenomenon

To correct the trend of agglomeration of wealth, young economist Thomas Picketty has suggested an annual progressive tax on wealth. He also says it will be difficult to implement it because there will always be flight to tax havens. In India, any type of wealth tax would be hardest to implement because a huge amount of wealth is already stashed away abroad.

भारतीय अर्थव्यवस्था एका निर्णायक क्षणावर आहे. यात भविष्�