India's income inequality now worse than British era

06-Jul-2025

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India’s rich and poor divide is getting deeper than ever. Hardik Joshi, a financial analyst, says it’s even worse now than during British colonial times. 

Joshi, an economic analyst, shared strong words about this rising inequality and called for urgent action to fix the system.In India today, discussions about income inequality have become increasingly pointed.

He wrote on LinkedIn, "Income inequality in India is now worse than it was under British colonial rule. Let's see some data... The top 1% hold 40.1% of India's wealth. The bottom 50% own just 6.4%. The top 10% earn over 57.7% of national income."

"Half the country owns barely 6.4% of the wealth. Meanwhile, a tiny elite controls 40.1%," he added.