Income‑Based Taxation Suggested to Boost India's Economic Equality

Waldensström and his colleagues advocated for shifting the tax base from property and inheritance to capital‑income streams such as corporate profits, dividends and interest. They argued that many OECD members are moving away from wealth taxes, seeing the approach as more growth‑friendly.

The economists warned that ignoring income gaps can mask underlying poverty, and that a tax system targeting earnings would provide a more accurate gauge of economic opportunity.

Their recommendations aim to strengthen fiscal resilience while supporting inclusive development across the subcontinent.