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India 'poor and very unequal' with affluent elite: World Inequality Report

Fruits of economic reforms monopolised by the elite: World Inequality Report

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India has extreme income and wealth inequality: Report.

Indivjal Dhasmana New Delhi
The top one per cent of the population in India owns more than one-fifth of the total national income in 2021 while the bottom half earns just 13.1 per cent, said the World Inequality Report. The economic reforms and liberalization adopted by India have mostly benefited the top one per cent, the latest report for 2022 said.    

"India stands out as a poor and very unequal country, with an affluent elite," said the report, brought out by the France-based World Inequality Lab which does work through evidence-based research on the drivers of inequality worldwide.

The report is authored by Lucas Chancel,

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First Published: Dec 07 2021 | 1:37 PM IST

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