As per the ‘World Inequality Report 2022’, India is among the most unequal countries in the world, with rising poverty and an ‘affluent elite.’
- The report highlights that the top 10 per cent and top 1 per cent in India hold 57 per cent and 22 per cent of the total national income respectively while the bottom 50 per cent share has gone down to 13 per cent .
- The report is authored by Lucas Chancel, co-director of the World Inequality Lab and coordinated by famed French economist Thomas Piketty among others.
- The average national income of the Indian adult population is Rs 2,04,200. Here, the bottom 50 per cent of earns Rs 53,610 while the top 10 per cent earns Rs 11,66,520, over 20 times more.
- The middle class is also relatively poor, owning 29.5 per cent of the total wealth as compared with the top 10 per cent and one per cent who held 65 per cent and 33 per cent of the total wealth.
GS TIMES IAS PRELIMS 2022 CURRENT AFFAIRS BASICS DAILY ONLINE TEST SERIES: HINDI AND ENGLISH
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