N.Siddiqui
ELITE MEMBER
- Joined
- Nov 21, 2015
- Messages
- 9,714
- Reaction score
- 13
- Country
- Location
India second most unequal country in the world: Wealth Report
India is the second most unequal country in the world with the top one per cent of the population owning nearly 60% of the total wealth
India is the second most unequal country in the world with the top one per cent of the population owning nearly 60% of the total wealth, according to a report.
According to Global Wealth Report 2016 compiled by Credit Suisse Research Institute, the gap between the world’s haves and have-nots does not appear to be getting any narrower and a mere 0.7% of the global population owns nearly half the world’s wealth.
The report identified Russia as the world’s most unequal country with a huge 74.5% of the nation’s wealth controlled by the richest 1% of people.
In India and Thailand the top 1% own 58.4% and 58% of the wealth, while the figure was 47.9 for Brazil and 43.8 for China, the ‘Independent’ reported.
Noting that Switzerland remained as the wealthiest country in the world, per capita, the report said that overall wealth inequality was a major issue in almost every part of the world.
“While the bottom half collectively own less than 1 per cent of total wealth, the wealthiest top 10% own 89% of all global assets,” the report said.
http://www.hindustantimes.com/india...alth-report/story-MGIa7MbWAdzhKFvwhtiIeI.html
India is the second most unequal country in the world with the top one per cent of the population owning nearly 60% of the total wealth
India is the second most unequal country in the world with the top one per cent of the population owning nearly 60% of the total wealth, according to a report.
According to Global Wealth Report 2016 compiled by Credit Suisse Research Institute, the gap between the world’s haves and have-nots does not appear to be getting any narrower and a mere 0.7% of the global population owns nearly half the world’s wealth.
The report identified Russia as the world’s most unequal country with a huge 74.5% of the nation’s wealth controlled by the richest 1% of people.
In India and Thailand the top 1% own 58.4% and 58% of the wealth, while the figure was 47.9 for Brazil and 43.8 for China, the ‘Independent’ reported.
Noting that Switzerland remained as the wealthiest country in the world, per capita, the report said that overall wealth inequality was a major issue in almost every part of the world.
“While the bottom half collectively own less than 1 per cent of total wealth, the wealthiest top 10% own 89% of all global assets,” the report said.
http://www.hindustantimes.com/india...alth-report/story-MGIa7MbWAdzhKFvwhtiIeI.html