India's 1% controls 40% wealth, rivals South Africa, Russia

• India's richest 1% controls 40% of the nation's wealth, making it the third most unequal society globally after South Africa and Russia.
• Despite strong economic growth, wealth and income inequality in India have remained largely unchanged over the past decade.
• The top 10% of earners capture 58% of national income, while the bottom 50% receive only 15%.
• The report highlights low female labor participation (15.7%) and warns that the wealthiest contribute disproportionately little to public finances.
• Global inequality extends beyond income and wealth to include gender, opportunity, and climate, with women earning significantly less for their labor.

Why It Matters: India's severe wealth gap threatens national development and fairness.