The World Inequality Report 2022, led by French economist Lucas Chancell, has been released.


Data are compiled from recent research reports written by various economists. 


The report says that by 2021, the top 10 per cent of the world's income will be 52%, the middle class 40 per cent, 39.5%, and the remaining 50 per cent just 8.5%. This income is calculated based on purchasing power.


By 2021, based on overall assets and resources, the top 10 per cent of the wealthy population will have 76% wealth, 40 per cent of the middle class 22% wealth and the remaining 50% population just 2% wealth.

During the 1945s or 1950s and 1980s, inequality declined in many parts of the world, including the United States, Britain, France, india, and China. But inequality has been on the rise since the 1990s and in subsequent years. 

It is noteworthy that india is one of the countries in the world where the difference between the top 10 per cent of the rich and the bottom 50 per cent is more than 20 times. 

The income gap between the top 10 per cent of India's population and the bottom 50 per cent is 22 times. The gap is 80 times higher than the average income of 50 per cent of the base population, compared to the income of the top one per cent.


About 50 per cent of India's population earns just 13.1% of the gross national income. Only the top one per cent earns 21.7%.

This World Inequality Report 2022 Another interesting finding in India's income profile is that 90 per cent of India's total population earns less than 7 7,400 (approximately Rs. 6 lakhs in indian currency) per year, which is estimated to be the average indian income.   


The bottom 50 per cent earn 2,000 euros (about 70,000 rupees) a year, and the middle 40 per cent 5,500 euros a year (about 4 lakh 70,000 rupees).


The top one per cent of India's total wealth is 33% and the bottom 50 per cent is just 5.9%. The top 10 per cent of the population own 64.6% of India's total resources. Only the top one per cent holds 33% of India's total resources.


The wealth of the top 10 per cent of indians has been steadily increasing since 1995. In contrast, the report says, the wealth of the bottom 50 per cent of the population is declining.


An important aspect of the report's comfort in india is that the share of women workers has been steadily rising since the late 1990s. The income share of women workers in india has increased to 18.3% by 2020.


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