Richest 10% of Indians own over 3/4th of wealth in India
While wealth has been rising in India, not everyone has shared in this growth. There is still considerable wealth poverty, says Credit Suisse’s India wealth report
The richest 10% of Indians own 77.4% of the country’s wealth, says Credit Suisse in their 2018 Global Wealth Report. The bottom 60%, the majority of the population, own 4.7%. The richest 1% own 51.5% (chart 1 above). And it’s not some bleeding-heart NGO that’s arrived at these figures, but a blue-blooded Swiss bank.