| Category | Key Details |
|---|---|
| Report Title | G20 Inequality Report (Commissioned by South African Presidency) |
| Time Frame | 2000-2023 |
| India's Top 1% Wealth | 62% increase in share of national wealth; now holds 27% of total wealth. |
| India's Bottom 50% | Holds ~4% of wealth (7x less than top 1%). |
| China's Top 1% Wealth | 54% increase; now holds 30.2% of wealth. |
| Global Trend | Over half of G20 countries saw similar rises in top 1% wealth share. |
| Key Drivers (India) | Stagnant income growth for bottom 50%, asset inflation, urban-rural disparities. |
| Policy Recommendations | Progressive taxation, universal social protection, regulation of tax havens. |
| Proposed Panel | International Panel on Inequality (similar to IPCC). |
| Implications | Threat to economic stability, inclusive growth, and democratic resilience. |
Workflow
Login