India’s top 1% income and wealth shares have reached historical highs: World Inequality Lab

Syllabus: GS-III; Subject:Current Affairs Topic: Indices and reports

Issue: Income inequality.

Context: “Income and Wealth Inequality in India: The Rise of the billionaire raj” paper released by World Inequality Lab.

Key points:

  • Income distribution is highly skewed, with the top 1% earning significantly more than the average Indian.


  • Trend shows declining inequality post-independence, followed by sharp surge post liberalisation reforms.
  • Urgent need for policy interventions to reverse inequality trends and ensure equitable growth.
  • Proposal for a “super tax” on the wealthiest families’ net wealth to fund public investments.
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