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flag French economist Piketty urges India to implement wealth and inheritance taxes to reduce inequality, facing domestic opposition.

flag French economist Thomas Piketty recommends India impose a 2% wealth tax on assets over 100 million rupees and a 33% inheritance tax to address high inequality, suggesting it could raise 2.73% of GDP. flag However, India's chief economic adviser V. Anantha Nageswaran opposes, arguing higher taxes could lead to capital outflows. flag India abolished its wealth tax in 2015 and has rejected calls for its return.

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