Last Updated: 10 Dec 2023

“India is among the most unequal countries in the world, with rising poverty and an ‘affluent elite’” -World Inequality Report, 2022^[1]

"Inequality is a political choice, not an inevitability" -World Inequality Report, 2022^[1:1]

¶ Current Status (Based on 2021 Data)^[2]

If you earn Rs 25,000/month, you are among Top 10% Indians

• Top 1% earns more than Rs.3,70,000 a month
• Top 3% - Rs.1,00,000
• Top 5% - Rs.64,380

¶ Annual household income 2021 vs 2016 (@2011-12 prices)^[3]

_{Reference Period is April 2015 to March 2016
Reference Period is April 2020 to March 2021}

¶ Wealth Ownership^[4][1:2]

Out of the total wealth created in India, from 2012 to 2021

• 40% gone to just 1%
• 3% only went to bottom 50%

Gautam Adani has seen wealth soar by $42 billion (46 percent) in 2022 alone

¶ Corporate vs Household income^[4:1][1:3]

Corporate Income: +70% increase
Households: 84% saw a decline
-2021-22 compared to the previous year

The total number of billionaires in India increased from 102 in 2020 to 166 billionaires in 2022

¶ Increased tax on Poor, burden shifted from Corporate/Rich

Details in a separate article: AAP Wiki: Taxing Poor More, Less on Rich

¶ Hungry Indians Rising

Details in a separate article: AAP Wiki: Rise in Hungry Indians

References:

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1. https://d1ns4ht6ytuzzo.cloudfront.net/oxfamdata/oxfamdatapublic/2023-01/India Supplement 2023_digital.pdf?kz3wav0jbhJdvkJ.fK1rj1k1_5ap9FhQ ↩︎ ↩︎ ↩︎ ↩︎

2. https://twitter.com/Stats_of_India/status/1527908454165143552 ↩︎

3. https://www.ice360.in/app/uploads/woocommerce_uploads/2022/02/annual-household-income-2021-vs-2016-2011-12-prices-7ieaq5.pdf ↩︎

4. https://www.oxfamindia.org/blog/inequality-issue ↩︎ ↩︎