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Income inequality in India
We know that -- India is one the fastest growing economy in thw world.
But do you know who in India is reaping the benefits of such growth?
The already rich. Let's take a look 👇
#ithread
We know that -- India is one the fastest growing economy in thw world.
But do you know who in India is reaping the benefits of such growth?
The already rich. Let's take a look 👇
#ithread
1. India is the second most unequal country in the world after Russia.
The top 1% own 58% of the wealth today.
During British time, top 1% owned 20%.
The top 1% own 58% of the wealth today.
During British time, top 1% owned 20%.
2. For all the GDP growth that’s happening, in 2018 the bottom 50% of population saw their wealth rise by 3%.
While the top 1% got richer by 39%.
Now who is this 8% GDP growth benefiting?
While the top 1% got richer by 39%.
Now who is this 8% GDP growth benefiting?
