Income Of Top 1 Percent In India
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According to new data from the world inequality database and statistics.
Income of top 1 percent in india. Country of income of the richest 1 albania 9 1 australia 6 4 austria 8 2 bahrain 18 0 belgium 6 7 bosnia and herzegovina 6 2 brazil 28 4 bulgaria 8 4 canada 13 6 chile 23 7 china 13 9 colombia 20 4 croatia 7 6 cyprus 8 6 czech republic 9 5 ivory coast 17 1 denmark 12 8. Last year s survey had showed that india s richest 1 held 58 of the country s total wealth which was higher than the. India is no stranger to income inequality but the gap is widening further. The latest data from the epi show that in 2018 annual wages for the top 1 reached 737 697 up just 0 2 compared to 2017.
Annual wages of top earners. According to a list compiled by bloomberg it takes about 488 000 to be in the top 1 in the united states. The income needed to join the top 1 of earners varies greatly from country to country. In the united states it s 478 000.
The share of the top 10 in the aggregate income pie is 29 only a little less than what households belonging to the bottom 60 of india s income pyramid earn collectively. In india you need an annual income of 81 000. To join the group in the oil rich united arab emirates uae requires more than 900 000 or 12 times more income than in india a developing market so populous that the top 1 includes more than. From india to australia to the united states the income needed to join the top 1 varies greatly from country to country.
I take this answer to be pretty accurate leaving black money in the country aside.
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