G20 Report on Inequality | India's Top 1% Wealth Growth | In News | UPSC | Drishti IAS English

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In this insightful video, we dive deep into the latest G20 report on global inequality, highlighting the troubling wealth growth of India’s top 1%, which expanded by 62% between 2000 and 2023. Led by Nobel laureate Joseph Stiglitz, the study warns that global inequality has reached "emergency" levels, with severe consequences for democracy, economic stability, and climate progress.

We analyze the report’s findings on how India's wealthiest have outpaced the rest of the population, while globally, the top 1% captured 41% of all new wealth between 2000 and 2024. The video also discusses the challenges posed by this inequality, such as the rise in poverty, food insecurity, and the decline in democratic stability in countries with high inequality.

Additionally, we explore proposals for tackling global inequality, including the creation of an International Panel on Inequality (IPI), which aims to provide governments with actionable data on the issue.

This video is crucial for UPSC aspirants and anyone interested in understanding the relationship between wealth distribution, governance, and economic policy.

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