Top 1% earners account for 22% of India's income: Study

The share of India's national income accruing to the top 1% income earners is now at 22%, a new paper by economists Thomas Piketty and Lucas Chancel showed. Notably, this is the highest level since Indian income tax law was conceived in 1922, when it was less than 21%. The paper said that income inequality reduced during the 1980s.