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World Inequality Report 2022
December 11 , 2021
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- France-based World Inequality Lab published this report.
- This report was authored by Lucas Chancel, who is the co-director of World Inequality Lab.
- It was coordinated by the famed French economist Thomas Piketty.
- The report notes that the top 1 % of India’s population owns more than one-fifth of the total national income in 2021.
- The bottom half of the population earns just 13.1 percent.
- It highlights that economic reforms and liberalization that India has adopted, have mostly benefited the top 1 percent.
- The report identifies India as a poor and unequal country, with an affluent elite.
- 1 percent richest people in India hold 22% of the total national income in 2021, while the top 10 % own 57 percent of the income.
- The average national income of the Indian adult population is Rs 204,200 in 2021, on the basis of purchasing power parity.
- However, the report clarified that the average national income of a country masks inequalities.
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