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LATEST NEWS UPDATES | India among top countries in inequality; 10% hold 57% income: Report

India among top countries in inequality; 10% hold 57% income: Report

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published Published on Dec 8, 2021   modified Modified on Dec 8, 2021

-Livemint.com

The average national income of the Indian adult population is 204,200. While the bottom 50% earns 53,610, the top 10% earns more than 20 times ( 1,166,520)

India has emerged as the most unequal country with the top 1% of the population holding more than one-fifth of the total national income in 2021, according to World Inequality Report 2022.

The report added that that the average national income of the Indian adult population is 204,200. While the bottom 50% earns 53,610, the top 10% earns more than 20 times ( 1,166,520).

The report pointed that the top 10% of the population holds 57% of the total income while the bottom 50% share has gone down to 13%. The average household wealth in the country stands at 983,010, the report added.

Furth the report underscores the gender inequality in the country. It is observed that the female labour income share is equal to 18%--one of the lowest in the world, slightly higher than the Middle East (15%).

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Livemint.com, 8 December, 2021, https://www.livemint.com/news/india/india-among-top-countries-in-inequality-10-hold-57-income-report-11638930325138.html


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