French economist Thomas Piketty urges India to tax its super-rich to mitigate inequality. At a Delhi event, he proposed taxing fortunes above 100 million rupees. The government's economic adviser disagreed,

French economist Thomas Piketty has called on India to impose higher taxes on its wealthiest citizens as a step toward reducing inequality. He proposed introducing a 2 per cent annual wealth tax on individuals with assets over Rs 100 million ($1.

French economist Thomas Piketty urged India to tax the super-rich to address inequality, advocating a 2% wealth tax and a 33% inheritance tax.

India abolished its wealth tax in 2015 and has resisted calls to reintroduce it. Finance Minister Nirmala Sitharaman has argued against an inheritance tax, citing potential burdens on the middle class.

India should do more to tax its super-rich given its high levels of inequality, French economist and author Thomas Piketty said on Friday. The writer of the best-selling book "Capital in the 21st Cent