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Wealth of India’s Richest 1% Spikes by 62% Between 2000 and 2023: G20 Report
The top 1% in India captured 62% more wealth from 2000 to 2023, while the bottom 50% gained just 1%, highlighting widening global inequality, the G20 report said.
- Published- November 04, 2025 11:22 am IST, a G20 taskforce reported India's richest 1% grew their share of wealth by 62% between 2000 and 2023.
- A 'perfect storm' of global shocks—COVID-19 pandemic, the war in Ukraine and trade disputes—drove worsening inequality, while since 2020 global poverty reduction has slowed and 2.3 billion people face moderate or severe food insecurity, the report said.
- Using World Inequality Lab data, the report shows the top 1% captured 41% of new wealth since 2000 and increased their share in over half of countries representing 74% of the global population.
- The report labels rising inequality an 'emergency' for politics and the economy, with countries with high inequality seven times likelier to experience democratic decline; Joseph Stiglitz said `It isn't just unfair and undermining societal cohesion it's a problem for our economy and our politics too`.
- Authors including Jayati Ghosh, Winnie Byanyima, and Imraan Valodia urged the creation of an International Panel on Inequality modeled on the IPCC, emphasizing G20's role in global coordination.
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The Economic Times
The Economic TimesIndia's top 1% grew its wealth by 62% since 2000: G20 report
India's wealthiest 1 percent saw their wealth surge by 62 percent between 2000 and 2023. A new report warns global inequality is at emergency levels, threatening democracy and economic stability. The richest globally captured 41 percent of new wealth, while the bottom half received only 1 percent.
·India
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Total News Sources11
Leaning Left1Leaning Right3Center2Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 17%
C 33%
R 50%
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