India Among Top Nations In Inequality, 1% Hold 22% Income: Report

According to the report, World Inequality Report 2022, average household wealth in India stands at Rs 9,83,010.

India stands out as a "poor and very unequal" country, with the top 1 per cent of the population holding more than one-fifth of the total national income in 2021 and the bottom half just 13 per cent, according to a report.

The report, titled "World Inequality Report 2022", has been authored by Lucas Chancel, co-director of the World Inequality Lab, and coordinated by several experts, including French economist Thomas Piketty.

It further said India is now among the most unequal countries in the world.

The report pointed out that the average national income of the Indian adult population is Rs 204,200. While the bottom 50 per cent earns Rs 53,610, the top 10 per cent earns more than 20 times (Rs 1,166,520).