The rich-poor divide in India has never been a secret. If anything, it has only grown wider. The fact only got reaffirmed in a paper released recently by the World Inequality Lab, a Paris-based research organisation. The country’s top 1 per cent income and wealth shares have reached historical highs and are among the highest in the world. By FY2023, the findings reveal, the top 1 per cent of Indians held a 22.6 per cent share in the country’s income and 40 per cent of its wealth.
Inequality is said to have declined post-Independence till the early 1980s, after which it began rising and has skyrocketed since the early 2000s, according to the paper, titled ‘Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj’. The top 1 per cent earned an average of Rs 53 lakh per annum in FY23, as much as 23 times the average Indian, who earned Rs 2.3 lakh annually. Average annual incomes for the bottom 50 per cent and the middle 40 per cent stood at Rs 71,000 (0.3 times the national average) and Rs 1.65 lakh (0.7 times the national average), respectively. The richest 9,223 individuals (of 920 million Indian adults) earned an average of Rs 48 crore a year, or 2,069 times the average Indian’s income.
この記事は India Today の April 08, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は India Today の April 08, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
WHAT WOMEN WANT
While political parties give them schemes and promises based on their gendered roles, women across the country tell INDIA TODAY what they really expect-jobs, education, development-the same things that men desire
The Silent Revolution
A Growing Force, The Woman Elector In India Is Realising The Power Of Her Vote And Using It To ***direct Her Own And The Nation's Destiny
The Forbidding Fruit
The disturbed snow cycle, the price of imported urea, cheaper imports from the South Asian neighbourhood-the whole world, it would appear, has been conspiring against the apple farmers of Himachal Pradesh.
Chicken Soup for the Heart
Former veejay, actor and now travel influencer, Shenaz Treasury is out with a book based on past romances-All He Left Me Was a Recipe
CITY OF DREAMS
This anthology of stories about Mumbai is like the city itself-crowded and chaotic, but ultimately illuminating
Diverse Vignettes
Edited by Arunava Sinha, The Penguin Book of Bengali Short Stories is a landmark new anthology which includes several previously untranslated works
A BREATH OF FRESH PERSPECTIVE
Ganesh V. Shivaswamy brings a sharp and balanced approach to his three volumes on Raja Ravi Varma
Time Travel
An exhibition in Bengaluru is showcasing an unseen artwork by legendary artist Raja Ravi Varma
INDIA AT CANNES 2024
The 2024 Cannes Film Festival marks the first time in 30 years that India has a feature film in the Palme d'Or competition section. And there's lots more...
Cusp of Greatness
Shriya Pilgaonkar comes into her own as an intrepid reporter in Zee5's The Broken News