France-based World Inequality Lab published its report titled “World Inequality Report 2022”. This report was authored by Lucas Chancel, who is the co-director of World Inequality Lab. It was coordinated by famed French economist Thomas Piketty. In 2021 the top 10 percent and top 1 percent of the Indian population hold 57 percent and 22 percent of total national income respectively, whereas the share of the bottom 50 percent has gone down to 13 percent.
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Key Findings analysis on inequalities in India:
The scenario in the world’s richest nation
The ratio in the richest nation that is the US, is 1 to 17. The richest ten of the global population owns 52 per cent of global income. On the other hand, the poorest half of the population earns 8.5 per cent of the global income.
Global Scenario
The Middle East and North Africa (MENA) are the most unequal regions in the world, whereas Europe has the lowest inequality levels. In Europe, the top 10 per cent income share is around 36 per cent, whereas in MENA it is 58 per cent.
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