India: population by wealth bracket 2019
In 2019, there were about 677.4 million Indian adults who had a personal wealth worth less than 10,000 U.S. dollars, compared to 14.87 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 1.33 billion people, it is the second most populous country in the world. Of that 1.33 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 is becoming more crowded. India is broken up into 28 states; each run by a State Executive which is comprised of a governor and a council of ministers.
India suffers from extreme income inequality. It is estimated that 77 percent of the total national wealth is held by the top ten percent of the population. The richest person in India is businessman and engineer Mukesh Ambani, with a net worth of about 47.3 billion U.S. dollars. Despite suffering from large income inequality, India has a low unemployment rate. The Indian economy is categorized as a developing market economy, and the main industries in India include textiles, chemicals, and food processing. Their long-term economic growth is a result of their 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 1.33 billion people, it is the second most populous country in the world. Of that 1.33 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 is becoming more crowded. India is broken up into 28 states; each run by a State Executive which is comprised of a governor and a council of ministers.
Indian Economy
India suffers from extreme income inequality. It is estimated that 77 percent of the total national wealth is held by the top ten percent of the population. The richest person in India is businessman and engineer Mukesh Ambani, with a net worth of about 47.3 billion U.S. dollars. Despite suffering from large income inequality, India has a low unemployment rate. The Indian economy is categorized as a developing market economy, and the main industries in India include textiles, chemicals, and food processing. Their long-term economic growth is a result of their young population, low dependency ratio, and savings.
