[FONT="]There was radical transformation that happened after 1991. Though the growth of the economy accelerated since then, the benefits were not spread equally. Thus between 1980 and 2014, the “bottom 50 per cent of earners experienced a growth rate of 97 per cent over the period, while the top 10 per cent saw a 376 per cent increase in their incomes. The equivalent figures for the top 0.01 per cent and top 0.001 per cent were 1,834 per cent and 2,776 per cent respectively”. The high growth of the income and assets of the rich in the country has been well known through anecdotal evidence and media coverage of the spending habits of the rich. But this is the first time that a scholar of Piketty’s reputation has filled in the details and numbers of the change in fortunes. The “reforms” have led to greater wealth and income throughout the population, but this has not been evenly spread. The people who gained a disproportionate amount under the new economic policies have been the rich, who increased both their wealth and consumption spending. The benefits for the rich further increased under the new administration, taking income inequality back to the days of the zamindars, maharajas and the colonial rulers.