Income inequality in India estimated to be at highest level in over a century

A report by the World Inequality Lab, co-authored by French economist Thomas Piketty, has estimated that in 2022-23, India’s income and wealth inequalities were at their highest levels since records began in 1922 and 1961 respectively. The richest 1% of the population now own 40.1% of the nation’s wealth, higher than in the...