India’s top 10% reach highest wealth level

The World Inequality Report 2022 shows that the richest in India increased their share of wealth in 2021 by a historic degree.

The Covid-19 pandemic inflicted unprecedented damage to economies across the globe. While a recovery is underway, it is not necessary that both the rich and the poor will recover equally. The World Inequality Report 2022, released on December 7, shows this is indeed the case. Apart from wealth, it tracks other inequalities that have become important in today’s world, such as that in greenhouse gas emissions.

World Inequality Report: In 2021, the concentration of private wealth in the hands of therich became more pronounced. The share of the bottom 50% decreased to its lowest levels since 1995 to 5.9%.(HT Photo/Sanjeev Kumar)