Richest 10% of Indians own over 3/4th of wealth in India
6 years, 2 months ago

Richest 10% of Indians own over 3/4th of wealth in India

Live Mint  

The richest 10% of Indians own 77.4% of the country’s wealth, says Credit Suisse in their 2018 Global Wealth Report. According to Credit Suisse, the Gini wealth coefficient in India has gone up from 81.3% in 2013 to 85.4% this year, which shows inequality has risen. As the Credit Suisse report says: “While wealth has been rising in India, not everyone has shared in this growth. The report says median wealth in North America is currently more than three times the level in Europe and China, 50 times the level in India, and almost 200 times the level in Africa.

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