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HomeBusinessIndia is the most unequal country in the world, getting richer and...

India is the most unequal country in the world, getting richer and richer while poverty is increasing rapidly

World Inequality Report 2022: The average household wealth in our country is Rs 983010. The bottom 50 per cent have almost nothing in the name of property. Their average assets are Rs 66280.

Poverty is increasing rapidly.

Do you know that India is the most unequal country in the world? According to the World Inequality Report 2022, India is the most unequal country in the world. This is a country where poverty is increasing as well as the elite and elite class is developing rapidly.

According to the report, the income of the top-10 percent of India’s rich people is 57 percent of India’s total income. At the same time, the top-1 percent of the rich hold 22 percent of the total income of the country. The contribution of the bottom-50 percent of the people to the total income has come down to 13 percent. The average income of the youth of the country is 2 lakh 4 thousand 200 rupees annually. Out of these, the average income of the bottom 50 percent of the people is Rs 53610, while the average income of the top-10 percent of the youth is Rs 1166520. This is about 20 times more.

Average household wealth Rs.983010

Average household wealth in our country is Rs.983010. The bottom 50 per cent have almost nothing in the name of property. Their average assets are Rs 66280. Average property of middle class is Rs.723930. This is 29.5 percent of the total wealth. The top-10 per cent people hold 65 per cent of the total wealth of the country. Their average wealth is Rs 63.54 lakh. The top-1 percent people hold 33 percent of the total wealth. Their average wealth is Rs 3.24 crores.

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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