by Asad Mirza Follow Us On G -N e w s | Whatsapp

An International Panel on Inequality has pointed out that global income inequality has reached ‘emergency levels’, endangering democracy and social cohesion. The report states that over the last 15 years, the rich have become increasingly wealthy, while the poor have become poorer.

Despite numerous welfare models being implemented across nations, the gap between the rich and the poor continues to widen. In India, the inequality is even more pronounced. India’s richest 1 per cent increased their wealth by 62 per cent between 2000 and 2023, according to a recent report commissioned by the G-20. This trend reflects global patterns of rising wealth concentration.

The study found that the richest 1 per cent of people

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