1% INDIANS OWN 53% OF COUNTRY’S WEALTH: REPORT

NEW DELHI: Indicating that inequality in India is increasing, a UN report released on Thursday said that the richest 1% own 53% of the country’s wealth. It also said that unlike other countries, development in India is not moving across states. “In terms of wealth inequality, India is second only to Russia, where the richest 1% own 53% of the country’s wealth,” said the report “