A new report published by the G20 has revealed that the wealthiest 1% in India have experienced a 62% rise in their share of national wealth since 2000. The study, which examines global inequality trends, shows that this demographic has significantly outpaced the rest of the population in terms of wealth accumulation. The report is part of ongoing efforts to assess the distribution of wealth across the world’s major economies.
The findings underscore the growing economic inequality within India, a country that has seen rapid economic growth over the past two decades. While the overall economy has expanded, the concentration of wealth among the top earners has become a significant concern. Experts suggest that factors such as tax policies, income inequality, and investment opportunities have all contributed to this wealth gap.
Analysts warn that the widening gap between the richest and the rest of the population could have long-term implications for social stability and economic growth. The report is likely to spark discussions about the need for policy interventions to address wealth disparities. As the G20 continues to monitor global inequality, India’s situation remains a critical topic of debate among economists and policymakers.