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French economist Piketty urges India to implement wealth and inheritance taxes to reduce inequality, facing domestic opposition.
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.
However, India's chief economic adviser V. Anantha Nageswaran opposes, arguing higher taxes could lead to capital outflows.
India abolished its wealth tax in 2015 and has rejected calls for its return.
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El economista francés Piketty insta a India a implementar impuestos sobre la riqueza y la herencia para reducir la desigualdad, enfrentando la oposición interna.