1 Answer
In India, individuals in the top 1% income bracket earn significantly more than the average citizen. According to a report by the World Inequality Lab, the top 1% of earners in India have an average annual income of approximately βΉ53 lakh (βΉ5.3 million), which is 23 times the national average income of βΉ2.3 lakh. ξciteξturn0search2ξξ
This substantial income disparity highlights the significant income inequality present in the country. It's important to note that these figures represent averages, and individual earnings can vary widely based on factors such as industry, experience, and location.ξ
This substantial income disparity highlights the significant income inequality present in the country. It's important to note that these figures represent averages, and individual earnings can vary widely based on factors such as industry, experience, and location.ξ