As our payment solutions evolved, so did our societal structures — from an era where everyone was equal in a community to a society torn apart based on level of access to the formal economy. India is one such land of economic extremes. It sits in the top five list for two categories — (i) maximum number of billionaires, and (ii) maximum number of people living under poverty. In recent years, India’s rapidly growing GDP has created a chasm between a rich minority and a poor majority. The top 1% of India controls over 50% of its wealth, while the bottom half of the country barely scrapes by on 4% of the wealth. This level of inequality is unmatched anywhere in the world (except for South Africa).
Cutouts is an open source application. Code licensed under the MIT license. Copyright 2018 Siddharth Kannan