India's Income Inequality Reaches Century High as Richest Amass Fortune

Income inequality in India is at its highest level since 1922, with the top 1% holding 25% of the country's wealth in 2022
India's economic growth has slowed in recent years compared to China and Vietnam which grew much faster
The number of Indian billionaires skyrocketed from just 1 in 1991 to 162 in 2022
Data constraints make accurately measuring income and wealth inequality in India difficult
The report suggests implementing a wealth tax and investing in health, education, and infrastructure to address inequality