India among world’s most unequal countries, just 1pc people own 40pc of national wealth
New Delhi: The Global Inequality 2026 report has said that the income of the richest 10 percent of the world’s population is more than the total income of the remaining 90 percent of the people, while in India, 10 percent of people earn 58 percent of the total national income and the bottom 50 percent of people earn only 15 percent.
According to Kashmir Media Service, the report published in ‘The Wire’ says India is one of the most unequal countries in the world and this situation has not changed for years.
According to the report, 10 percent of people in India earn 58 percent of the total national income, while the bottom 50 percent get only 15 percent. The inequality of wealth is even greater.
The richest 10 percent own 65 percent of the total wealth, while the top 1 percent own almost 40 percent. The report says that this situation can be changed, provided there is political will and global efforts for this.
The report says inequality is a political decision, it is the result of our policies and institutional structures. The result of growing inequality is widening divisions, weakened democracy and the climate crisis, the burden of which falls most on those who are least responsible for it.
It says that just 60,000 people worldwide own three times more wealth than half the world’s population, about 4.1 billion people. The world’s total population is about 8.2 billion. These figures were revealed in the Global Inequality 2026 report, compiled by economists Lucas Chancel, Ricardo Gomez Carrera, Ruwida Mushrif and Thomas Piketty of the Paris-based Global Inequality Lab.
The report not only highlights the growing inequality of wealth but also explains how this inequality is affecting the lives of people around the world.
