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What pay ratios in NIFTY50 companies tell us about income inequality in India?

Summary:
Reetika Khera and Meghna Yadav in this ideasforindia research article: In the wake of the economic crisis triggered by the Covid-19 pandemic and associated lockdowns, demands for relief from the corporate sector were as vocal as those for affected workers. However, the same corporates were simultaneously paying shockingly high salaries to their CEOs. Analysing data from NIFTY50 companies for 2019-20, Khera and Yadav show that large inequalities exist between remuneration of top management vis-à-vis other employees within firms, and there is little diversity among those occupying top positions. This entry was posted on November 24, 2020 at 11:49 am and is filed under Academic research & research papers, Indian Economy/Financial

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Reetika Khera and Meghna Yadav in this ideasforindia research article:

In the wake of the economic crisis triggered by the Covid-19 pandemic and associated lockdowns, demands for relief from the corporate sector were as vocal as those for affected workers. However, the same corporates were simultaneously paying shockingly high salaries to their CEOs. Analysing data from NIFTY50 companies for 2019-20, Khera and Yadav show that large inequalities exist between remuneration of top management vis-à-vis other employees within firms, and there is little diversity among those occupying top positions.

Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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