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LATEST NEWS UPDATES | India is among the most unequal countries, says World Inequality Report

India is among the most unequal countries, says World Inequality Report

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

-Scroll.in

In 2021, the top 1% of India’s population earned 21.7% of the total national income, while the bottom 50% made just 13.1%.

The top 1% of India’s population earned more than one-fifth (21.7%) of the country’s total national income in 2021, while the bottom 50% made just 13.1% of the money, showed this year’s World Inequality Report released on Tuesday.

The top 10% of the population owned as much as 57% of the country’s national income in 2021, according to the report.

The report authored by Lucas Chancel, co-director of the World Inequality Lab, and coordinated by several experts, including French economist Thomas Piketty, said: “India stands out as a poor and very unequal country, with an affluent elite.”

In the preface of the report, Nobel laureate economists Abhijit Banerjee and Esther Duflo said that India was “among the most unequal countries” in the world.

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Scroll.in, 7 December, 2021, https://scroll.in/latest/1012279/india-is-among-the-most-unequal-countries-says-world-inequality-report


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