India's wealth gap: Top 1% own 40% of the pie, says new report
A new World Inequality Lab report puts India among the top three countries with the widest wealth gaps—right up there with South Africa and Russia.
The numbers are pretty stark: just 1% of Indians own 40% of all wealth, while the top 10% take home over half the country's income.
Meanwhile, the bottom half is left with only 15%, showing that economic growth hasn't reached everyone equally.
Gender gaps and global inequality stand out
The report also points out that women in India are still largely missing from paid work—only about 15.7% are in the labor force, a number that hasn't really budged in years.
Zooming out, global differences are huge too: people in Europe earn about 10 times more per person than those in Sub-Saharan Africa, underlining just how uneven opportunities remain around the world.