According to a report by New World Wealth (Johannesburg), India is the second-most unequal country globally, with millionaires controlling 54% of its wealth. In India, the richest 1% own 53% of the country’s wealth (also India’s top 10% of population holds 73% of the wealth), according to the latest data from Credit Suisse. The richest 5% own 68.6%, while the top 10% have 76.3%. At the other end of the pyramid, the poorer half jostles for a mere 4.1% of national wealth.
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Recent Developments India Ranks 147th in Oxfam World Inequality Index
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