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91% of India's adult population has wealth below Rs 730,000: Credit Suisse

Wealth inequality in India stark compared to US, China

Topics
Income Inequality In India  |  Global Wealth

Samie Modak  |  Mumbai 

The latest global wealth study by Credit Suisse highlights the lopsided growth in India, the world’s fastest-growing major economy. While the country ranks sixth globally in terms of the ultra-rich population — those with wealth in excess of $50 million — it is also one of the highest contributors to the world’s adult population with base-tier wealth (less than $10,000, or about Rs 730,000).

More than 90 per cent of India’s population belongs to the base tier when it comes to the distribution of wealth. In comparison, a third of China and only 28.4 per ...

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First Published: Thu, October 18 2018. 23:45 IST
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