Income Inequality

Income inequality refers to the unequal distribution of income among individuals or groups within a society, often resulting in disparities in wealth, access to resources, and opportunities for economic advancement.

Income Inequality in India

  • India’s top 10% possess a staggering 77% of national wealth, while the wealthiest 1% owns 53%, leaving the poorer half with a meagre 4.1%.
  • As per World Inequality Report 2022 highlights India's top 10% and top 1%, holds 57% and 22% of national income, respectively, with the bottom 50% share shrinking to 13%.
  • Bottom 50% of India's population contributes 64% of GST, contrasting sharply with the 4% ....
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