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Income inequality in India : ウィキペディア英語版 | Income inequality in India
India has the third largest number of billionaires in the world, but also a third of the world's poor. In the mid-1990s, India had only two resident billionaires with an income of $3.2 billion. In 2012, India had 46 resident billionaires with a combined wealth of $176 billion. Their share in GDP rose from 1 to 10% in the same period.〔http://www.thehindu.com/opinion/columns/Harsh_Mander/harsh-mander-on-the-rising-economic-inequality-in-india/article7407472.ece〕 According to the 2015 World Wealth Report, India had 198,000 high net worth individuals (annual income over $1 million) with a combined wealth of $785 billion.〔https://www.worldwealthreport.com/reports/wealth/asia_pacific/india〕 In 2015, a study by the Organisation for Economic Cooperation and Development (OECD) found that India had the lowest income gap among the nine emerging economies studied by the OECD, followed by Russia, Indonesia, Argentina, China, Latvia, Brazil, Columbia and South Africa. However, India's income gap is much higher than most of the advanced economies studies by the OECD.〔http://articles.economictimes.indiatimes.com/2015-05-21/news/62459668_1_highest-income-inequality-advanced-economies-income-gap〕 ==Economic growth and poverty reduction== Many economists to this day argue that although economic growth is a prerequisite for poverty reduction in India, as seen by bringing millions out of poverty, it may have also worsened living conditions of some poor, thus leading to a widening income gap.〔("Income Inequality growing in India" )〕
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