India’s Top 1% Grew Wealth by 62% Since 2000, Says G20-Commissioned Report

By A Staff Reporter

NEW DELHI — India’s wealthiest 1% have seen their fortunes soar by 62% between 2000 and 2023, according to a new report commissioned by the South African Presidency of the G20. The findings highlight the growing concentration of wealth among the country’s richest citizens even as the broader population continues to face economic challenges.

The report, which examines global wealth inequality trends across G20 nations, points to India as one of the countries where the wealth gap has widened significantly over the past two decades. While economic growth has lifted millions out of poverty, it has also disproportionately benefited the top income earners.

Analysts say the data reflects structural disparities in asset ownership, access to education, and investment opportunities. The growing divide, experts warn, could have long-term implications for social cohesion and sustainable development.