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LATEST NEWS UPDATES | India Among Top Nations In Inequality, 1% Hold 22% Income: Report

India Among Top Nations In Inequality, 1% Hold 22% Income: Report

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published Published on Dec 7, 2021   modified Modified on Dec 8, 2021

-PTI/ NDTV

According to the report, World Inequality Report 2022, average household wealth in India stands at 9,83,010.

New Delhi: India stands out as a "poor and very unequal" country, with the top 1 per cent of the population holding more than one-fifth of the total national income in 2021 and the bottom half just 13 per cent, according to a report.

The report, titled "World Inequality Report 2022", has been authored by Lucas Chancel, co-director of the World Inequality Lab, and coordinated by several experts, including French economist Thomas Piketty.

It further said India is now among the most unequal countries in the world.

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

"While the top 10 per cent and top 1 per cent hold respectively 57 per cent and 22 per cent of total national income, the bottom 50 per cent share has gone down to 13 per cent.

"India stands out as a poor and very unequal country, with an affluent elite," it said.

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PTI/ NDTV, 7 November, 2021, https://www.ndtv.com/india-news/india-among-top-nations-in-inequality-1-holds-22-income-report-2641518?fbclid=IwAR31ElYC9h3nLv19Ogr2kjLGTzgZfjD5m5amhC2rdaCpZPiPbRGSYYtnGos


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