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India second most unequal country in the world: Global Wealth Report

India is the second most unequal country in the world with the top 1% of the population owning 58.4% of the total wealth. Only Russia has greater number of unequal than India, with the top 1% of the population owning nearly 74.5% of the total wealth.

Global Wealth Report is compiled by Credit Suisse Research Institute.

Major observation

  • The gap between rich and poor does not appear to narrow.
  • The top 1% owns 58% of the wealth in Thailand, 47.9% in Brazil, and 43.8% in China.
  • Bottom 50% of the world collectively own less than 1% while top (wealthiest) 10% own 89% of all global wealth.
  • 80% of adults in India and Africa belong to the bottom half of the global wealth distribution.
  • Indian forms 31% of bottom half while China accounts for just 7%.
  • 96% of adult population has wealth below $10,000 while this figure for China is just 68%.
  • Switzerland retained its place of wealthiest country in the world.
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