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PM Narendra Modi's US visit 2023: FULL schedule, dates, agenda, meetings, 21-gun salute, intimate dinner with Bidens and other details

Pm narendra modi us visit 2023: pm narendra modi's historic visit to the us will kickstart on june 20, 2023. his first state visit since 2014 when he became the prime minister, pm modi will be hosted by us president joe biden and first lady jill biden at the white house for a state dinner. he will also be holding meetings with business personalities in new york and attending bilateral meetings crucial for indo-us relations..

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Updated Jun 19, 2023 | 08:02 PM IST

President Joe Biden and FLOTUS Jill Biden to host PM Narendra Modi at the White House  PM Narendra Modi Us visit

President Joe Biden and FLOTUS Jill Biden to host PM Narendra Modi at the White House | PM Narendra Modi Us visit (File Photo: Tweeted by MEA)

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PM Narendra Modi to visit the United States this week 🇺🇸 What's on the agenda? Take a look👇 @narendramodi @POTUS #NarendraModi pic.twitter.com/tGI44ktBIu — ET NOW (@ETNOWlive) June 19, 2023

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Statement from White   House Press Secretary Karine Jean-Pierre on the Official State Visit of Prime Minister Narendra Modi of the Republic of   India

President Joe Biden and First Lady Jill Biden will host Prime Minister Narendra Modi of the Republic of India for an Official State Visit to the United States, which will include a state dinner, on June 22, 2023. The upcoming visit will affirm the deep and close partnership between the United States and India and the warm bonds of family and friendship that link Americans and Indians together. The visit will strengthen our two countries’ shared commitment to a free, open, prosperous, and secure Indo-Pacific and our shared resolve to elevate our strategic technology partnership, including in defense, clean energy, and space. The leaders will discuss ways to further expand our educational exchanges and people-to-people ties, as well as our work together to confront common challenges from climate change, to workforce development and health security.

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PM Modi's US Visit: Full Schedule, Events And Agenda

Pm modi's us visit: pm modi will land in new york on tuesday, june 20, to be received by a group of indian americans at the andrews air force base..

PM Modi's US Visit: Full Schedule, Events And Agenda

PM Modi's US Visit: PM Modi has visited the US six times since assuming office in 2014

Prime Minister Narendra Modi's upcoming visit to the United States is being seen as a crucial juncture in the relationship between both countries. PM Modi embarked on his first state visit to the US, on Tuesday, where he will be attending a series of important meetings, discussing matters of interest for both countries.

While PM Modi has visited the US six times since assuming office in 2014, this will be his first state visit, an honour associated with closest associates and friends of America. He will land in New York on Tuesday, June 20, to be received by a group of Indian Americans at the Andrews Air Force Base.

On June 21, PM Modi will participate in the International Yoga Day event at the United Nations headquarters in New York. Later in the day, he will be at the dinner hosted by US President Joe Biden and First Lady Jill Biden.

On Day 2 of the visit, June 22, PM Modi will be given a ceremonial welcome at the White House. It will be followed by a high-level meeting between PM Modi and President Joe Biden. The meeting will discuss greater economic cooperation between both countries to eliminate hurdles of building a robust supply chain.

After the bilateral talks, PM Modi will address a joint sitting of the US Congress on June 22 at the invitation of Congressional leaders – speaker Kevin McCarthy of the House of Representatives and Senate majority leader Chuck Schumer. PM Modi first addressed the US Congress during his visit to the country in 2016. He will be the first Indian PM and only the third in the world to make such an address twice.

The day will conclude with another State Dinner in honour of PM Modi. The dinner will be attended by esteemed guests including members of the US Congress, diplomats, and other celebrities.

On the third day of his visit, June 23, PM Narendra Modi will be hosted at a lunch by US vice president Kamala Harris and Secretary of State Antony Blinke. He will also interact with CEOs, and professionals to discuss business partnerships and opportunities.

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The day will conclude with an address to the Indian diaspora at the Ronald Reagan Center in the evening.

Following his 3-day visit to the US,  PM Narendra Modi will leave for Egypt where he is set to meet President Abdel Fattah El-Sisi for a bilateral talk discussing trade partnership and other key issues.

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PM Modi's US visit: Here's the schedule and agenda

PM Modi's US visit: Here's the schedule and agenda

Prime Minister Narendra Modi will arrive in the United States (US) on Tuesday for a state visit as a series of events are lined up for him from Wednesday to Saturday. Hundreds of Indian-Americans gathered near the National Monument in Washington DC on Sunday (local time) to send a message that they are eagerly awaiting his arrival. Here's more about his schedule and agenda.

Why does this story matter?

Modi's visit to the US is being hailed as one of the most significant diplomatic trips of 2023. It comes at a time when India has risen as a major economic and geopolitical force amid conflict between the US and China. So, India will try to cash in on Modi's trip and boost its defense and space sectors through bilateral cooperation and joint initiatives.

Schedule to kick off with International Yoga Day celebrations

PM Modi's schedule will start with the ninth International Yoga Day celebrations at the United Nations (UN) headquarters in New York on Wednesday. The Permanent Representative of India to the United Nations Ruchira Kamboj has invited participants to arrive by 7:15am (local time) in yoga-friendly attire. The participants would be allowed to take home the yoga mats provided there as a souvenir.

Preparations on at UN headquarters

#WATCH New York, US | Preparation is underway at the United Nations Headquarters lawns in New York where PM Narendra Modi will attend the 9th edition of International Yoga Day on June 21 during his official state visit to the United States. pic.twitter.com/Jp2yyZ9V1a — ANI (@ANI) June 19, 2023

State Dinner at White House, address to US Congress

On Thursday, PM Modi will be ceremonially welcomed at the White House in Washington DC , where he will engage in high-level discussions with President Joe Biden . Following the bilateral talks, PM Modi will address a joint sitting of the US Congress in the afternoon. Later in the evening, Biden and First Lady Jill Biden will host a State Dinner in PM Modi's honor.

Will head to Egypt thereafter

On Friday, US Vice President Kamala Harris and Secretary of State Antony Bilnken will jointly host PM Modi at a luncheon. Apart from official engagements, he is set to interact with leading CEOs, professionals, other stakeholders, and the Indian diaspora. On Saturday, he is scheduled to leave for a state visit to Egypt . Notably, Egyptian President Abdel Fattah el-Sisi visited India in January.

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PM Modi leaves for 2-nation tour of France, UAE; check complete schedule and other details

According to external affairs ministry (eam), pm modi will hold formal talks with french president emmanuel macron. the french president will host a state banquet as well as a private dinner in honour of the prime minister..

Shashwat Bhandari

According to External Affairs Ministry sources, Modi will also hold formal talks with Macron. The French President will host a state banquet as well as a private dinner in honour of the Prime Minister.

While in Paris, Modi will also meet his French counterpart, as well as the presidents of the Senate and the National Assembly.

He will also separately interact with the Indian diaspora in France, CEOs of Indian and French companies, and prominent personalities.

This year marks the 25th anniversary of the India–France Strategic Partnership and Modi's visit will provide an opportunity to chart the course of the partnership for the future across diverse sectors such as strategic, cultural, scientific, academic and economic cooperation, said the Ministry sources.

July 13, 2023  |  All timings in Paris local time

12:30 PM: Arrival in Paris

16:05 PM: Meeting with President of Senate

17:15 PM: Meeting with PM of France

19:35 PM: Community Event at La Seine Musicale

21:00 PM: Private Dinner hosted by President Macron

PM Modi to make stopover in UAE

On Friday, the Prime Minister will arrive in Abu Dhabi where he will hold talks with Sheikh Mohamed bin Zayed Al Nahyan, President of UAE and ruler of Abu Dhabi.

The India-UAE Comprehensive Strategic Partnership has been steadily strengthening and Modi's visit will be an opportunity to identify ways to take this forward in various domains such as energy, education, healthcare, food security, fintech, defence and culture, according to the Ministry sources.

It will also be an opportunity to discuss cooperation on global issues, particularly in the context of UAE’s Presidency of COP28 of the UNFCCC and India’s G20 Presidency in which the UAE is a special invitee.

ALSO READ |  Pakistan PM Shehbaz regrets neighbouring nations made greater progress as his tenure set to end on August 14

ALSO READ |  Ahead of PM Modi's visit, France gears up for Bastille Day celebrations: What is the history and significance?

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PM Modi US visit schedule: Dates, itinerary, scheduled events and agendary

Pm modi us visit schedule: pm narendra modi will visit the united states from june 20-24 at the invitation of president joe biden and first lady jill biden. modi will lead celebrations for international day of yoga at the united nations on june 21..

Prime Minister Narendra Modi with US President Joe Biden in Oval Office, at White House in Washington,on September 24, 2021. (File photo) (HT_PRINT)

Prime Minister Narendra Modi is set to visit the United States of America on 20 June Tuesday at the invitation of US President Joe Biden and First Lady Jill Biden. PM Modi will be in the States till 24 June.

PM Narendra Modi 's visit will commence in New York where he will lead the celebrations of the International Day of Yoga at the United Nations Headquarters on June 21.

PM Modi will then travel to Washington DC, where he will receive a ceremonial welcome at the White House on June 22, and meet President Biden to continue their high-level dialogue. The US President and Jill Biden will host a State Dinner in honour of the Prime Minister the same evening.

On 22 June, Thursday PM Modi will, at the invitation of US Congressional Leaders, including Speaker of the House of Representatives Kevin McCarthy and Speaker of the Senate Charles Schumer, address a Joint Sitting of the US Congress On June 23, PM Modi will be jointly hosted at a luncheon by US Vice President Kamala Harris and Secretary of State Antony Bilnken. In addition to official engagements, Prime Minister Modi is scheduled to have several curated interactions with leading CEOs, professionals, and other stakeholders. He will also meet members of the Indian Diaspora. The PM will then travel to Cairo to pay a state visit to Egypt.

Meanwhile, preparations are underway at the United Nations Headquarters lawns in New York ahead of the Yoga Day celebrations which will be led by PM Modi.

PM Modi will lead a 9th edition of International Yoga Day on June 21 at the United Nations headquarters in New York.

The International Day of Yoga has been celebrated worldwide annually on June 21 since 2015, following its inception in the United Nations General Assembly in 2014. Yoga is a physical, mental, and spiritual practice that originated in ancient India.

In his 2014 UN address, Prime Minister Narendra Modi suggested the date of June 21, as it is the longest day of the year in the Northern Hemisphere and shares a special significance in many parts of the world.

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US President Biden to host PM Narendra Modi for state visit in June

Prime minister modi's visit will strengthen two countries' shared commitment to a free, open, prosperous, and secure indo-pacific, said white house press secretary karine jean-pierre.

pm modi tour schedule 2023

FOR THE first time in nine years, Prime Minister Narendra Modi will travel to the US for an official state visit from June 21 to 24, where he will be hosted by US President Joe Biden at the White House.

Modi, who will travel to Australia, Japan and Papua New Guinea this month, is likely to meet Biden at least four times within a month, between May 19 and June 22. He will go to Hiroshima (Japan) for the G-7 summit (May 19-21), then to Papua New Guinea for the Pacific Islands’ leaders summit, and Australia for the Quad leaders’ summit. Biden will also visit these three countries at the same time.

pm modi tour schedule 2023

This is Modi’s first state visit to the US since he assumed office in 2014. His previous visits to the US to meet then Presidents Barack Obama and Donald Trump at the White House were not classified as state visits. The last official state visit by an Indian Prime Minister to the US was undertaken by then Prime Minister Manmohan Singh in November 2009.

State visits are considered to be the highest expression of friendly bilateral relations and are replete with official public ceremonies. In the US, these ceremonies include a flight line ceremony (where the visiting head of state is greeted at the tarmac after landing), a 21-gun salute White House arrival ceremony, a White House dinner, exchange of diplomatic gifts, an invitation to stay at the Blair House (US President’s guesthouse across the Pennsylvania Avenue), and flag street-lining.

Modi, according to sources, will start his visit from New York, where he will lead the International Yoga Day celebrations — with the UN building as the backdrop — on June 21. From there, he will head to Washington DC for the state visit. He is also expected to address the Indian diaspora in Chicago.

Festive offer

A coordinated official announcement about the visit was made by the Ministry of External Affairs and the White House almost simultaneously on Wednesday.

“Prime Minister Narendra Modi will embark on an official state visit to the United States of America, which will include a state dinner on June 22, 2023, following an invitation from President Joseph Biden and First Lady Jill Biden ,” the MEA said.

It said the visit will “underscore the growing importance of the strategic partnership between India and the United States as the two nations collaborate across numerous sectors”.

“The leaders will have the opportunity to review strong bilateral cooperation in various areas of mutual interest, including technology, trade, industry, education, research, clean energy, defence, security, healthcare, and deepening people-to-people connections,” it said.

Modi and Biden “will also explore ways to strengthen India-US collaboration in pluri-lateral and multilateral fora, including in the G20. They would reflect on their shared vision for a free, open, and inclusive Indo-Pacific and discuss opportunities to expand and consolidate the Quad engagement,” it said.

Stating that President Biden and the First Lady would host Modi for a state visit, the White House spokesperson Karine Jean-Pierre said: “The upcoming visit will affirm the deep and close partnership between the United States and India and the warm bonds of family and friendship that link Americans and Indians together.”

“The visit will strengthen our two countries’ shared commitment to a free, open, prosperous, and secure Indo-Pacific and our shared resolve to elevate our strategic technology partnership, including in defence, clean energy and space. The leaders will discuss ways to further expand our educational exchanges and people-to-people ties, as well as our work together to confront common challenges from climate change, to workforce development and health security,” the spokesperson said.

This visit is significant at a time when India has maintained a diplomatic tightrope walk on the Russia- Ukraine war, where it has chosen not to take sides explicitly, either with the US-led West or the Russian side.

However, China’s aggressive behaviour at the India-China border as well as the Indo-Pacific region has brought the two countries closer.

Modi is the third world leader to be invited for a state visit by Biden, following French President Emmanuel Macron late last year and South Korean President Yoon Suk Yeol in April.

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  • PM Modi visit to France and UAE from July 13-15, check schedule & details

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Modi Visit To US, Egypt: Check Out PM Itinerary, Minute-To-Minute Schedule Until Sunday

Prime minister narendra modi's visits to the us and egypt signify the importance of fostering strong ties and collaboration between nations on a global stage..

PM Modi In US Modi Egypt Visit Check Out PM Modi Itinerary Minute-To-Minute PM Modi Schedule As Per IST Modi Visit To US, Egypt: Check Out PM Itinerary, Minute-To-Minute Schedule Until Sunday

Prime Minister Narendra Modi is on a two-nation visit to the United States and Egypt. He has a series of engagements lined up for him in New York and Washington on the second day of his state visit to the US. During his two-nation visit, Narendra Modi has a series of significant engagements lined up, showcasing the diplomatic ties and bilateral relationships between these nations.

In the United States, on the second day of his state visit, Prime Minister Modi has a busy schedule in New York and Washington. One of the notable events he will lead is the 9th International Day of Yoga celebrations at the United Nations headquarters. 

Following his visit to the US, Prime Minister Modi is scheduled for a significant state visit to Egypt on June 24-25, upon the invitation of President Abdel Fattah el-Sisi. This visit holds immense significance as it marks Modi's first trip to Egypt and serves as the first official bilateral visit by an Indian Prime Minister to Egypt since 1997. While there have been intermittent visits in the past, they were primarily for multilateral events.

Prime Minister Modi's visit to Egypt follows President el-Sisi's visit to India as the chief guest on Republic Day, signifying the strengthening of bilateral ties and the mutual desire to enhance cooperation between the two nations. 

PM Modi Visit To US, Egypt: Minute-To-Minute Schedule

Wednesday, June 21, 2023  

International Day of Yoga celebration (IST: 1730-1845 hrs, June 21)

Arrival Washington DC (IST: 2130, June 21)

Skilling for Future Event at  National Science Foundation (IST: 2330 June 21 To 0030 hrs, June 22)

One-to-one Meetings with CEOs  (IST: 0230-0330 hrs., June 22)

Private Engagements with POTUS, FLOTUS at White House (IST: 0435-0630 hrs, June 22)

Thursday, June 22, 2023

White House Arrival Ceremony (IST: 1930-2030 hrs.)

Restricted Bilateral Meeting (IST: 2030-2050 hrs.)

Expanded Bilateral Meeting

Joint Press Statements  (IST: 2200-2230 hrs.)

Meeting with Speaker at US Capitol (IST: 0035-0050 hrs, June 23)

Meeting with Congressional Leadership (IST: 0055-0120 hrs., June 23)

Greeting by Congressional Escort Committee

Address to Joint Session of the Congress (IST: 0130-0210 hrs., June 23)

Congressional Reception hosted by Speaker (IST: 0210-0230 hrs., June 23)

Official State Dinner in honour of PM at White House (IST: 0400-0830 hrs., June 23)

Friday, June 23, 2023

India-US Hi-Tech Handshake Event (IST: 1930-2030 hrs.)

State Department Luncheon (IST: 2200-2330 hrs.)

One-to-one Meetings with CEOs (IST: 0030-0200 hrs., June 24)

Professionals/diaspora event at Eisenhower Theatre, John F. Kennedy Center (IST: 0245-0345 hrs., June 24)

Community Interaction at Ronald Reagan Building and International Trade Center (IST: 0400-0500 hrs., June 24)

State Visit Airport Departure Ceremony (IST: 0525-0530 hrs., June 24)

Saturday, June 24, 2023

Ceremonial Welcome at Airport (IST: 1755-1805 hrs.)

Brief Interaction with Egypt PM (IST: 1805-1815 hrs.)

Round-Table with Egypt PM (IST 2100-2130 hrs.)

Interaction with Indian community (IST: 2130-2200 hrs.)

Meeting with Grand Mufti of Egypt

Interaction with Egyptian thought leaders

Sunday, June 25, 2023

Visit Al Hakim mosque  (IST: 1310-1340 hrs.)

Visit of Heliopolis War Memorial (IST: 1400-1425 hrs.)

Welcome of PM by Egyptian President at  Presidential Palace (IST: 1430-1445 hrs.)

One-to-one meeting between leaders (IST: 1445-1515 hrs.)

Extended Level Talks (IST: 1515-1545 hrs.)

Signing of Strategic Partnership document/MOUs (IST: 1600-1610 hrs.)

Press Statements (IST: 1615-1630 hrs.)

Conferring of The Order of the Nile

Lunch hosted by Egyptian President (IST: 1630-1720 hrs.)

Emplane for Delhi

Monday, June 26, 2023

Arrive Delhi (Around Midnight)

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Is today’s India more unequal than under British rule?

India’s top 1 percent holds more income today than it did under the British, new research shows. The middle class is the worst affected. Is a tax for the super-rich the answer?

A man distributes food to homeless people on a pavement during a nationwide lockdown to curb the spread of new coronavirus in Gauhati, India, Sunday, April 19, 2020. (AP Photo/Anupam Nath)

New Delhi, India — In 2014, Narendra Modi swept to power in India with his Bharatiya Janata Party (BJP) pitching him as an economic reformer who would root out corruption and rescue the aspirations of India’s middle class from the clutches of elites – as well as the hellscape of rising prices and unemployment.

Ten years later, as Modi contests for a rare third term , the gap between rich and poor in India – already significant in 2014 – has widened into a canyon, economic researchers warn. India’s income and wealth inequality have become among the highest in the world, worse than in Brazil, South Africa and the United States, reveals a new study by the World Inequality Lab (WIL).

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As India votes in national elections to choose its next government, the research in the recently published The Rise of the Billionaire Raj shows that income inequality in the country is, in fact, worse than it was under British colonial rule. The study was co-authored by Nitin Kumar Bharti from New York University’s Abu Dhabi campus; Lucas Chancel from Harvard Kennedy School; and Thomas Piketty as well as Anmol Somanchi of the Paris School of Economics.

The widening wealth gap in India has emerged as a political flashpoint, with the opposition Congress Party promising that if elected, it will carry out a caste census that it claims will show how traditionally disadvantaged communities have suffered under Modi’s rule.

But just how unequal is India, according to the new research? What are the reasons? And what are the potential solutions?

INTERACTIVE_US_ARRESTS_APRIL28_2024 copy-1714372874

Worse income inequality than under the British?

Through much of the 1930s, when the British ruled India – which was known as the crown in the jewel of the empire – the richest 1 percent held just more than 20 percent of the national income. That share dropped during World War II, reaching to just above 10 percent through most of the 1940s, and about 12.5 percent in 1947 when India gained independence.

It hovered there until the late 1960s. Then, as India implemented a series of broadly socialist moves under then-Prime Minister Indira Gandhi – payments made to formal princely kingdoms, as compensation to get them to accede were scrapped, and banks were nationalised, among other steps – the national income share of the top 1 percent collapsed to about 6 percent by 1982.

As India liberalised its economy in 1991, things started to change. By the turn of the century, the 1 percent held more than 15 percent of India’s income. By the time Modi came to power in 2014, that figure had crossed 20 percent.

And by 2022-2023, it touched an unprecedented 22.6 percent.

India’s fast-growing economy – its gross domestic product (GDP) is growing by more than 7 percent annually – only appears to be accelerating that gulf, researchers say.

“When the economy grows faster, then a pie growing bigger quickly also leads to increasing inequality,” Bharti, the lead author of the WIL study, told Al Jazeera. “We thought that the free market would take care of it but it has not.”

INTERACTIVE_INDIA_WEALTH_INEQUALITY

What about wealth inequality?

If India’s income inequality is vast, its wealth imbalance is starker . The top 1 percent controlled less than 15 percent of the national wealth in 1961, when the researchers began their analysis. Today, their share is at more than 40 percent.

The richest saw their relative wealth stay mostly static during the pre-liberalisation period, before it took off in 1991, crossing 20 percent before the turn of the century. It stood between 30 and 35 percent when Modi took office – and when the prime minister convinced India that he would deliver them from their economic struggles.

Yet, a decade later, as Modi campaigns for re-election, the mounting inequality suggests that many Indians are struggling as much, if not more, than they were in 2014. Whether that will affect the ongoing election though is unclear, said development economist Jayati Ghosh, a professor of economics at the University of Massachusetts Amherst.

“It is the same electorate that was addressing the major economic issues until 2014, like corruption, economic stagnation, unemployment, poor livelihood, inadequate public services,” said Ghosh.

But Modi’s campaign, in recent days, has shifted towards religious polarization and strayed far from the economic promises of 2014. For instance, Modi accused the opposition Congress Party of plotting to give Indian Muslims first rights over national resources, and apparently referred to Muslims as “infiltrators”.

“The current regime is obsessed with narratives,” said Ghosh. “The common man is far away from the dark reality.”

INTERACTIVE_INDIA_INCOME_INEQUALITY_APRIL29_2024 _2-1714372870

Shrinking middle-class income share?

If the top 1 percent hold more than one-fifth of the national income, the top 10 percent control almost 60 percent, the study reveals . In the years after independence, that figure for the top 10 percent had fallen to 30 percent in 1982, before picking up, especially after the 1991 liberalisation measures.

The top 10 percent also hold about 65 percent of the nation’s wealth.

The accumulation of income and wealth in a few hands has come at the cost of the remaining 90 percent. But the data show that it is the middle 40 percent of Indians whose share of national income has shrunk the most, faster than even the bottom 50 percent of the country’s adult population, said Bharti.

The national income share of the middle 40 percent of Indians fell from above 45 percent in the early 1980s to about 27 percent in 2022. For India’s poorest half of the population, the share of national income fell from above 23 percent to 15 percent in this period.

That prospects of relative upward mobility have slowed – not improved – for the Indian middle class is not surprising, experts say.

Rishabh Kumar, an assistant professor of economics at the University of Massachusetts Boston, whose research focuses on historical inequality, underlined that the privatisation of the Indian economy, coupled with globalisation, favoured those with a higher level of education, which allowed them to compete internationally. And in India, that kind of education access has traditionally been skewed towards the wealthy and upper-caste communities.

“The only opportunity for transformation for anyone in the middle class is to play a lottery and get into one of these very few institutions that can propel you to a white-collar job,” Kumar said.

That lottery is paying off for only a few. Consider this: The richest 10,000 Indians have an average income of 480 million rupees ($5.7m) a year – more than 2,000 times the average income of Indians.

The national average income itself, of about 200,000 rupees ($2,400) per year, is misleading, because, as Kumar points out, the new research shows that only individuals on the cusp of entering into the top 10 percent earn that much. “So 90 percent of the population is not even making the GDP per capita of India [the same as the national average income],” Kumar said.

“This paper is a reality check for a lot of Indians about the distribution of goods in the present society,” said Kumar. “And clearly, the rich are benefitted more than the others in India.”

Ivanka Trump arrives to attend a pre-wedding bash of billionaire industrialist Mukesh Ambani's son Anant Ambani, in Jamnagar, India, Friday, March 1, 2024. (AP Photo/Ajit Solanki)

Crazy-rich Indians, desperately-poor Indians

Just how good are things for the very wealthiest of Indians? The rest of the country got a three-day-long peek as many of the world’s top-1-percenters gathered in early March for the pre-wedding celebrations of Anant Ambani, the son of Asia’s richest man Mukesh Ambani , which cost a whopping $120m. The national media gave a detailed breakdown of the meals on offer, dish by dish, which a Guardian writer noted , “even Nero might have thought a little over the top”.

With a private Rihanna concert, where attendees included Bollywood A-listers, Mark Zuckerberg and Ivanka Trump among others, the extravaganza was an exhibition of the dramatically widening income gulf in India.

When India’s economy liberalised in 1991, it had one dollar billionaire. That rose to 52 in 2011, then 162 in 2022, according to the new study. Since then, that number has exploded further to 271 – third behind only China and the US – according to the Hurun Global Rich List for 2024.

Between 2014 and 2022, the net wealth of Indian billionaires grew by more than 280 percent – 10 times faster than the growth in national income over this period, by 27.8 percent, as per the annual Forbes lists of the richest individuals in the world.

On the other hand, India is home to a quarter of all undernourished people worldwide and scored 28.7 out of 100 on the 2023 Global Health Index Severity of Hunger Scale. Between 2019 and 2021, approximately 307 million Indians experienced severe food insecurity (not having enough to eat), while 224 million people were affected by chronic hunger.

The WIL report captures other indicators of India’s sharpening inequality, too: It cites other research that shows how just 1 percent of Indians take 45 percent of all flights in the country; only 2.6 percent of Indians invest in mutual funds; and 6.5 percent of Indians are responsible for 45 percent of all digital payments.

The divide extends to the dining table: 5 percent of users account for a third of all orders on Zomato, India’s largest food delivery app.

The concentration of wealth at the top is a pattern also visible within the top 10 percent, Bharti said. “We see largely similar trends for the top 0.1 percent, top 0.01 percent, and top 0.001 percent,” he said.

Looking back at the BJP’s 2014 poll promises, Bharti said that “what we are actually observing 10 years later in terms of inequality is exactly the opposite of the pitch, with the middle 40 percent losing and the top 1 percent gaining”.

“[The BJP government] has created a small set of the population who are super wealthy where a lot of wealth accumulation is happening,” he added.

Kumar, the associate professor of economics, agreed: “Most of the buyer growth is going to somebody else and much of this growth is very concentrated.” As a result, he said, “we can just see the rich getting richer at a faster pace than everyone else”.

This is leading to a scenario where even the modest dreams many poorer Indians once harboured appear to be in crisis.

“Things that used to be the aspirational purchases of the relatively poor, like a two-wheeler, have stagnated,” said Ghosh, the economist, referring to periods in recent years when sales of scooters and motorcycles have struggled – even as sales of luxury goods, by contrast, appear to have done relatively well.

“That clearly shows the inequality of income and wealth. You are selling Mercedes but not motorcycles.”

INTERACTIVE_INDIA_INCOME_INEQUALITY_SUPERRICH INDIA

Why has inequality worsened?

At least some of the factors driving this deepening income gulf are structural and linked to India’s broader journey since it liberalised its economy in 1991, experts say.

India has struggled to pull the 45 percent of its workforce involved in agriculture towards more productive and better-paying employment, in part because its education system has focused less on them and more on the “tertiary education of elites”, said Bharti.

In essence, Ghosh said, India’s economic boom over the past quarter of a century has been “based on inequality because it just benefitted the top 10 percent while the formal economy has sustained on unpaid and underpaid labour”.

But global events and Indian policies in recent years have also compounded these challenges.

“Unfortunately, three big policy shocks – demonetisation, introduction of GST (Goods and Service Tax) and the COVID-19 lockdown – really hit the informal sector disproportionately,” Ghosh said. “[The Modi government] attacked the livelihood and employment of the dominant part of the workforce with no remedies.”

Demonetisation refers to the overnight announcement by Modi, in 2016, that all high-value current notes would be discontinued. This led to a crisis that hit the small savings of millions of Indians and the liquidity of vast swaths of India’s small-scale industries.

The Modi government introduced a GST in July 2017. And in the spring of 2020, as COVID-19 started spreading, the government imposed a nationwide lockdown that it said was needed to limit the reach of the pandemic – but that cost tens of millions of migrant workers their jobs and crippled small-scale businesses.

The WIL study also observed that the Indian income tax system might be regressive when viewed from the point of view of net wealth – that is, the more wealth taxpayers own, the less taxes they pay as a share of their assets.

FILE- Adani Group Gautam Chairman Gautam Adani, left, Reliance Industries Chairman Mukesh Ambani, center, and Mahindra Group Chairman Anand Mahindra interact as they attend 'UP Investors Summit 2018' in Lucknow, India, Feb. 21, 2018. Asia’s richest man, Gautam Adani, made his vast fortune betting on coal as an energy hungry India grew swiftly after liberalizing its economy in the 1990s. He's now set his sights on becoming world's biggest renewable energy player, by 2030, adroitly aligning his investments with the government’s own priorities. (AP Photo/Rajesh Kumar Singh, File)

So what’s the solution? Eat the rich?

The authors of the WIL study have called for the implementation of a “super tax” of 2 percent on dollar billionaires and multimillionaires as “a tool to fight inequality”, in addition to restructuring the tax schedule to include both income and wealth.

According to Bharti, the solution to inequality lies in education. “India needs to create the right set of human capital depending upon the jobs you want to create and align them,” he said.  “[The government] needs to adapt the education system vis-a-vis market or India will keep producing unemployable graduates.”

Meanwhile, the Communist Party of India (CPI) – a small but not insignificant presence in the country’s political landscape – proposed a “wealth tax and inheritance tax” to keep the nature of the economy “more equal, just, and egalitarian” in its 2024 election manifesto.

“Unemployment and price rise have become the biggest woes for the people. BJP’s rule has resulted in unprecedented concentration of wealth at the top while the poor are pushed to destitution,” said the party’s general secretary, D Raja.

The manifesto of the Congress Party, the country’s main opposition, said it was “opposed to monopolies and oligopolies and crony capitalism”, promised to “re-set the economic policy”, and tackle the BJP’s legacy of “job-loss growth”. Yet, after Modi attacked the Congress, suggesting that it wanted to take wealth from families and give it to Muslims, the opposition party has said it has no wealth redistribution plans.

Asim Ali, a political commentator, said a “relative absence of popular movements led by the opposition” allows Modi and the BJP to largely evade questions on inequality by focusing on Hindu majoritarian politics. That is why, “these adverse economic conditions will not necessarily hamper [the BJP] in the coming election”, he said.

To Ghosh, the rising inequality is unsustainable for the Indian economy and society. “I do not think this inequality can continue indefinitely but when it will change – who knows?”

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Narendra Modi in Pune today: 2 lakh people expected to attend PM's mega rally at Race Course Ground | Details

Lok sabha election 2024: prime minister narendra modi is scheduled to hold a mega rally, 'maha vijay sankalp sabha', in maharashtra's pune today..

Prime Minister Narendra Modi is scheduled to hold a mega rally in Maharashtra's Pune city on Monday, April 29, to support all four Mahayuti candidates. The rally, Maha Vijay Sankalp Sabha, will be held at the Racecourse Ground between 4pm and 9pm.

 Lok Sabha election: Prime Minister Narendra Modi to hold mega rally in Maharashtra's Pune today

Pune will vote on May 13 in the fourth phase of the Lok Sabha election 2024 . The counting of votes will be held on June 4.

The Mahayuti leaders, on Friday last week, held a meeting to review preparations for Modi's rally. After the meeting, Maharashtra higher and technical education Chandrakant Patil said, “PM Narendra Modi will hold a rally in Pune on April 29 at Race Course. We are expecting two lakh people for the rally. Party functionaries from Pune, Maval, Baramati and Shirur will be present on April 29. We held a meeting today to review preparations.”

Also read: 'Can I speak in Hindi': PM Modi talks about ‘heart-to-heart’ bond in Karnataka

Pm modi's maha vijay sankalp sabha in pune:.

  • PM Narendra Modi will hold the rally in support of four Mahayuti candidates - Murlidhar Mohol of the BJP in Pune, Sunetra Pawar of the NCP in Baramati, Shivajirao Adhalrao Patil of the NCP in Shirur and Shrirang Barne of the Shiv Sena in Maval constituency.
  • According to senior Maharashtra BJP leader Chandrakant Patil, around two lakh people are expected to attend the rally. Maharashtra Navnirman Sena (MNS) chief Raj Thackeray's son Amit Thackeray will also participate in the rally, Patil said.
  • While Modi will hold the rally and address the crowd in Pune, there are no plans for a roadshow. After the event, he will stay at the Raj Bhavan in Pune, reported news agency PTI.
  • In anticipation of Modi's rally, the Pune Police issued a set of traffic diversions , parking instructions, and regulations for heavy vehicle movement. According to the traffic police, two-way traffic will be facilitated from Paani Taaki to Turf Club Chowk in the racecourse area between 4 pm and 9 pm.
  • Similarly, the road will be closed from Turf Club’s main entrance to Turf Club Chowk. Apart from that, the stretch from Bishop School Circle to Turf Club Chowk will see no vehicular movement during these hours. Police have suggested Mammadevi Junction and Beur Road Junction as alternate routes for the closed roads. The movement of heavy vehicles, including trailers, containers, trucks, and others, has also been restricted within the city.
  • Meanwhile, the Maha Vikas Aghadi (MVA) postponed its scheduled public meeting on April 29 in Pune to April 30 in view of Modi's rally. Uddhav Thackeray and Sharad Pawar will attend the meeting.

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