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 India’s wealth gap widens infographic
Graphic shows how 1% of the population control 40% of the country’s wealth
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ECONOMY

India’s wealth gap widens

By Phil Bainbridge

March 26, 2024 - The “billionaire Raj” under Prime Minister Narendra Modi is now more unequal than the British Raj under colonial occupation, when around 50% of income went to the richest 10% of the population.

Inequality declined immediately post-independence until the early 1980s but shot up at the turn of the century and has widened sharply during Modi’s decade in power.

The inequality gap could actually be worse than the figures suggest; the quality of data in India is described as “notaby poor” by researchers at the World Inequality Database, and has deteriorated further in recent years.

Sources
PUBLISHED: 26/03/2024; STORY: Graphic News
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