Top 1% Indians’ income share is higher now than under British-rule
Why in the news? In 2022, 22.6% of the national income went to the top 1% of Indians. Cut to 1951, their share in the income was only 11.5% and even lower in the 1980s just before India opened-up its economy at 6%. Context: India’s top 1% income and wealth shares (22.6% and 40.1%) are… Continue reading Top 1% Indians’ income share is higher now than under British-rule

