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Richest 1% own 40% of wealth in India, reveals study
Mar 21, 2024
India Today
India Today Business Desk
1:08
A paper released by a Paris-based research organisation has revealed that by 2023, 22.6 percent of India’s total income and 40 percent of its wealth was held by just 1 percent of its population. The rich-poor divide in India is now hardly a secret. For more on India’s growing wealth gap, and solutions to the challenge, check out the report in the latest issue of India Today magazine - www.indiatoday.in/magazine India’s growing wealth divide: https://shorturl.at/kpFLM #wealthgap #richpoordivide #
214 views
Apr 3, 2024
Facebook
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Comment your number, I’m collecting the most honest “rich” definition India has and Share this with your “rich” friends. We asked strangers one simple question: How much money do you need to make to be called “rich” in India? For context: • PRICE (People Research on India’s Consumer Economy) defines a middle-income household as ₹5L–₹30L annual income (2020–21 prices).  • In the ICE360 consumer classification, households earning ₹30L per year are literally categorised as “rich.”  • Nationally,
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India's economic landscape is seeing a transformation, with the number of millionaire households nearly doubling in just four years. According to the Mercedes-Benz Hurun India Wealth Report 2025, the country has added one millionaire household approximately every 30 minutes between 2021 and 2025. This surge shows a broader trend of wealth creation and economic prosperity across the nation. India is witnessing a sharp rise in wealthy families. The number of households with assets worth over ₹8.5
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