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Richest 5% Indians report just 4% of their actual wealth: RBI MPC member's study
short by Ashley Paul / on Monday, 14 April, 2025
RBI MPC member Ram Singh's study found India's richest 5% report income that's only 4% of their actual wealth. India's wealthiest 0.1% report just 2% of their actual wealth while for bottom 10% families, reported income is over 188% of wealth, the study noted. It showed the wealthier the individual gets, the lesser income they disclose relative to their wealth.
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