Skip to main content

Posts

Showing posts with the label India

India's Wealth Divide: Hindu High Castes Hold 41%

India's Wealth Divide: Hindu High Castes Hold 41% In a nation as diverse as India, where the tapestry of cultures, religions, and castes weaves a rich and varied social fabric, understanding the nuances of wealth distribution is paramount. A seminal study, authored by Zeeshan Shaikh and published in 2020, provides a meticulous examination of wealth ownership across different socio-religious groups, offering invaluable insights into the prevailing disparities and their implications for inclusive development . Unveiling the Wealth Landscape: The study's findings lay bare the stark inequalities in wealth ownership among various social groups in India. Hindu high castes emerge as the predominant holders of wealth, commanding a significant 41% share of the nation's riches. Their total wealth, estimated at Rs 1,46,394 billion, underscores their dominant economic position. Trailing behind are the Hindu Other Backward Classes (OBCs), who claim 31% of the total wealth, amounting to