"Questionable Methodology": Finance Minister On "Unequal Country" Report
NDTV
India stood out as a "poor and very unequal" country, a report by the World Inequality Lab had said in December last year
A report by an international organisation on global inequality that termed India as a "poor and very unequal" country has been dismissed as based on "flawed and questionable methodology" by Finance Minister Nirmala Sitharaman.
India stood out as a "poor and very unequal" country, with the top 1 per cent of the population holding more than one-fifth of the total national income in 2021 and the bottom half just 13 per cent, the report by the World Inequality Lab had said in December last year.
It was authored by Lucas Chancel, co-director of the World Inequality Lab, and coordinated by several experts, including French economist Thomas Piketty.
The report had claimed that the average national income of the Indian adult population is Rs 2,04,200; the bottom 50 per cent earns Rs 53,610, and the top 10 per cent earns more than 20 times or Rs 11,66,520.
