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Wealth inequality in India at an all-time high during covid

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NEW DELHI : Credit Suisse Global Wealth Report released on Tuesday showed that the Gini coefficient for India hit a peak of 82.3 in 2020 and remained the same at the end of 2021.

The Gini coefficient is a measure of inequality with a higher figure denoting higher levels of inequality. The Gini remained unchanged in 2021 from 2020 even as the household wealth in India saw a sharp jump for the same period.

Total wealth in India was $14.2 trillion in 2021, up by 1.5 trillion or 12% from 2020, as per the report. The report highlighted that India’s Gini coefficient has increased from 74.7 in 2000 to 82.3 in 2021.

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