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World Inequality Report
December 16 , 2017
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- The report is published by World Inequality Lab, based at the Paris School of Economics, which aims to promote research on global inequality dynamics.
- According to the report, since 1980, 27% of all new income worldwide was captured by the richest 1%, while the poorest 50% captured only 13% of growth.
- It has highlighted the inequality prevailing in India and stated that the top 10% of the earners accounted for 56% of the income earned in 2014.
- The report says that deregulation and opening-up reforms in India since 1980s have led to substantial increase in inequality.
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