Tax Reform and Income Equality Highlighted as Keys to India's Rise

Taxation and income distribution featured prominently in the discussions. Waldensström argued that governments should prioritize income inequality over wealth concentration, because income levels provide a clearer picture of poverty and opportunity. He advocated for shifting the tax base from property and inheritance toward capital gains, corporate profits, dividends, and interest—mirroring a trend seen in many OECD nations moving away from wealth taxes. Such a framework, the experts said, could generate revenue while encouraging reinvestment and entrepreneurship, thereby strengthening India’s competitive edge on the world stage.