India is the second most unequal country in the world
Posted on: 06/Sep/2016 11:50:16 AM
In a recent study it has been made known that India is the second most unequal nation in the world where millionaires control over half of its total wealth. According to wealth research firm New World Wealth, after Russia, India is the most unequal country as 54 per cent of its wealth is in the hands of millionaires.
India is among the 10 richest countries in the world with total individual wealth of USD 5,600 billion, but the average Indian is quite poor.
Globally, Russia is the most unequal country where millionaires control over 62 per cent of total wealth.
In order to determine the level of inequality in the world, New World Wealth looked at the proportion of wealth controlled by millionaires
