In 2022, the majority of Indian adults had a wealth of 10,000 U.S. dollars or less. On the other hand, about 0.1 percent were worth more than one million dollars that year.
India
The Republic of India is one of the world’s largest and most economically powerful states. India gained independence from Great Britain on August 15, 1947, after having been under their power for 200 years. With a population of about 1.4 billion people, it was the second most populous country in the world. Of that 1.4 billion, about 28.5 million lived in New Delhi, the capital.
Wealth inequality
India suffers from extreme income inequality. It is estimated that the top 10 percent of the population holds 77 percent of the national wealth. Billionaire fortune has increase sporadically in the last years whereas minimum wages have remain stunted.
Distribution of adults in India from 2021 to 2022, by wealth range
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UBS. (August 23, 2023). Distribution of adults in India from 2021 to 2022, by wealth range [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/482579/india-population-by-average-wealth/
UBS. "Distribution of adults in India from 2021 to 2022, by wealth range." Chart. August 23, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/482579/india-population-by-average-wealth/
UBS. (2023). Distribution of adults in India from 2021 to 2022, by wealth range. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/482579/india-population-by-average-wealth/
UBS. "Distribution of Adults in India from 2021 to 2022, by Wealth Range." Statista, Statista Inc., 23 Aug 2023, https://www.statista.com/statistics/482579/india-population-by-average-wealth/
UBS, Distribution of adults in India from 2021 to 2022, by wealth range Statista, https://www.statista.com/statistics/482579/india-population-by-average-wealth/ (last visited November 22, 2024)
Distribution of adults in India from 2021 to 2022, by wealth range [Graph], UBS, August 23, 2023. [Online]. Available: https://www.statista.com/statistics/482579/india-population-by-average-wealth/
