Kolkata : Durga Puja is ahead. mother is coming So there is a wave of happiness around. However, in the midst of this joy, a disturbing report came to light! It has been said that economic inequality has increased drastically throughout the country! The rich got richer, and the poor got poorer. The report blamed the corona epidemic as the reason for this discrimination.
For the past two years, the coronavirus has been wreaking havoc across the world. Many small and big industrial companies have jumped under the shock of the lockdown. Many people have lost their jobs. And this is the reason why economic inequality has increased in the country. Rating agency Credit Suisse reported this information in the Global Wealth Report published on Tuesday. By looking at Indian income data, they found that economic inequality in the country has increased significantly during the Corona period. This rate reached a maximum of 82.3 percent in 2020. And it was maintained till 2021.
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Not only that, the report also reveals that this rate of income inequality among Indians remained the same from 2020 to the end of 2021. But surprisingly, the country’s total property rate also increased significantly during this period. According to the report, India’s total wealth in 2021 was $14.2 trillion. Which is 12 percent more than in 2020.
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India ranks second after Saudi Arabia:The report states that India’s Gini coefficient (a study of income inequality) rose from 74.7 in 2020 to 82.3 in 2021. At the same time, India’s total wealth was $14.2 trillion in 2021, up $1.5 trillion or 12 percent from 2020, according to the report. India is the second fastest growing economy in the world. Its place is after Saudi Arabia. It is followed by China and Indonesia. Saudi Arabia was in first place with a rate of 86.4. The Gini coefficients of China and Indonesia stood at 70.1 and 78.2 respectively, which are extremely low.
By 2026, the number of millionaires in the country will double:107,000 millionaires added to India in 2021 Yes, it is surprising but it is true that the number of millionaires has increased in the country despite Corona and lockdown! And this calculation is 1 percent of the total millionaires in the world. According to the report, “The number of millionaires in India is expected to double to 1.6 million by 2026. The wealth share of the top 1 percent of Indians increased from 0.1 percent to 40.6 percent in 2021.” Not only that, but this number is increasing rapidly, according to the report.
Published by:Raima Chakraborty
First published: September 23, 2022, 12:53 IST
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Tags: Coronavirus, Wealth