India's income inequality is so bad that's weighing down the avg in both South Asia and SouthEast Asia

Dec 7, 2021

By: Vaamanaa Sethi

The average national income of an adult in India is €7,400 (₹204,200) by purchasing power parity.

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While the global average shows that the income is not growing for the bottom 50 percent of the peopl.

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It is largely because the numbers from India are pulling down the average for Asia.

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When India is removed from the analysis,

global bottom 50 percent income share actually slightly increased in 2020.

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These are the findings from the World Inequality report 2022 —

Credit: World-Inequality-Report

Globally, the top 10 percent and 1 percent (creamy class) hold 76 and 38 percent of the annual total income.

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The same number in India is 57 percent (for the top 10 percent) and 22 percent (for top 1 percent)

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The average income of middle class is 29.5 percent of the total annual income as compared to the creamy class.

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The female labor income in India is 18 percent,

slightly higher than the average share in the Middle East (15 percent).

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Women in India earn significantly less than their peers in other parts of Asia (21 percent, excluding China).

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The data of the Indian government has worsened in the last three years, the report added.

Credit: Pixabay

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