France-based World Inequality Lab published its report titled “World Inequality Report 2022”. This report is published by Mr. Lucas Chancel, the co-director of the World Inequality Lab of the Paris School of Economics. It was coordinated by famed French economist Thomas Piketty.
In 2021 the top 10 percent and top 1 percent of the Indian population holds 57 percent and 22 percent of total national income respectively, whereas the share of the bottom 50 percent has gone down to 13 percent.
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.
