Only 1% of the people have 22% of the country’s income, India is among the countries with the most inequality: Report
India is one of the countries with highest inequality. (symbolic picture)
New Delhi:
India has joined the list of poor and highly unequal countries, where one per cent of the population has 22 per cent of the national income in 2021 while the lower strata have 13 per cent. It has been said in a report. The report titled ‘World Inequality Report 2022’ is authored by Lucas Chancel who is the co-director of ‘World Inequality Lab’. Many experts, including French economist Thomas Piketty, have contributed in preparing this report.
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The report said that India has now joined the list of countries with the most inequality in the world. The report said that the average national income of India’s adult population is Rs 2,04,200, while the income of the lower strata (50 per cent) is Rs 53,610 and the income of the top 10 per cent population is nearly 20 times (Rs 11,66,520) more than this. Is.
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According to the report, the top 10 percent of India’s population has 57 percent of the total national income, while one percent of the population has 22 percent. At the same time, the share of the bottom 50 percent of the population is only 13 percent. According to this, the average household asset in India is Rs 9,83,010. It said, ‘India is a poor and highly unequal country full of elite class people’.
The report also states that gender inequality is very high in India. It states that the income share of women workers is 18 percent. This is lower than the Asia average (21 percent, excluding China).
(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)