World Inequality Report: Terming India as 'poor, unequal' flawed, says Sitharaman

FPJ Web DeskUpdated: Tuesday, March 29, 2022, 05:17 PM IST
article-image
Finance Minister Nirmala Sitharaman said the methodology used for the report is questionable ./ Representative image |

The World Inequality Report 2022 has termed India as 'poor and very unequal country."

According to the World Inequality Report 2022, India is one of the most unequal countries in the world in terms of both income and wealth inequality.

It is estimated that in 2021, the top 10 percent of Indians held 57 percent of the total national income while the bottom 50 percent’s share was just 13 percent.

Finance Minister Nirmala Sitharaman has said the methodology is questionable .

(This is a developing story. More details awaited)

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Mumbai monsoon: BMC keeps cold mix ready for potholes, 1,415 metric tonnes cold distributed in 24...

Mumbai monsoon: BMC keeps cold mix ready for potholes, 1,415 metric tonnes cold distributed in 24...

With Aryan Khan getting clean chit from NCB, FPJ presents his friend Arbaaz Merchant’s statements...

With Aryan Khan getting clean chit from NCB, FPJ presents his friend Arbaaz Merchant’s statements...

WT20 Challenge final: Supernovas beat Velocity in thriller to clinch title despite Laura Wolvaardt's...

WT20 Challenge final: Supernovas beat Velocity in thriller to clinch title despite Laura Wolvaardt's...

Mumbai: No water supply in western suburbs on THIS date

Mumbai: No water supply in western suburbs on THIS date

Cordelia Cruise drug bust case: Aryan Khan's older ‘weed’ chats ignored by SIT

Cordelia Cruise drug bust case: Aryan Khan's older ‘weed’ chats ignored by SIT