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While India has one of the highest numbers of millionaires in the world, there are also millions who are barely surviving.
Let's take a look at income inequality in India and rest of the world.
Source: The Economist
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South Africa
Gini coefficient: 0.64
Global rank: 1
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Brazil
Gini coefficient: 0.55
Global rank: 2
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Nigeria
Gini coefficient: 0.49
Global rank: 3
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China
Gini coefficient: 0.47
Global rank: 4
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The United States
Gini coefficient: 0.38
Global rank: 5
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The United Kingdom
Gini coefficient: 0.34
Global rank: 6
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India
Gini coefficient: 0.33
Global rank: 7
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Japan
Gini coefficient: 0.33
Global rank: 8
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Egypt
Gini coefficient: 0.32
Global rank: 9
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Sweden
Gini coefficient: 0.28
Global rank: 10