Population by wealth bracket in India 2020
In 2020, there were nearly 700 million Indian adults who had a personal wealth worth less than 10,000 U.S. dollars, compared to around 15 million adults who had a personal wealth valued between 100,000 and one million U.S. dollars.
The Republic of India is one of the world’s largest and most economically powerful states. India gained independence from Great Britain on August 15, 1947, after having been under their power for 200 years. With a population of about 1.4 billion people, it was the second most populous country in the world. Of that 1.4 billion, about 28.5 million lived in New Delhi, the capital. Additionally, the population density of India has been steadily increasing since 2007, meaning that the country was becoming more crowded. India is broken up into 28 states and eight union territories.
India suffered from extreme income inequality. It was estimated that 77 percent of the total national wealth is held by the top ten percent of the population. The richest person in India was businessman and engineer Mukesh Ambani, with a net worth of about 6.5 trillion Indian rupees. Despite suffering from large income inequality, India had a comparatively low unemployment rate before the coronavirus (COVID-19) pandemic . The Indian economy was categorized as a developing market economy, and the main industries in India included textiles, chemicals, and food processing. The country's long-term economic growth was a result of its young population, low dependency ratio, and savings.
India
The Republic of India is one of the world’s largest and most economically powerful states. India gained independence from Great Britain on August 15, 1947, after having been under their power for 200 years. With a population of about 1.4 billion people, it was the second most populous country in the world. Of that 1.4 billion, about 28.5 million lived in New Delhi, the capital. Additionally, the population density of India has been steadily increasing since 2007, meaning that the country was becoming more crowded. India is broken up into 28 states and eight union territories.
Indian Economy
India suffered from extreme income inequality. It was estimated that 77 percent of the total national wealth is held by the top ten percent of the population. The richest person in India was businessman and engineer Mukesh Ambani, with a net worth of about 6.5 trillion Indian rupees. Despite suffering from large income inequality, India had a comparatively low unemployment rate before the coronavirus (COVID-19) pandemic . The Indian economy was categorized as a developing market economy, and the main industries in India included textiles, chemicals, and food processing. The country's long-term economic growth was a result of its young population, low dependency ratio, and savings.
