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.
short by
Ashley Paul /
10:40 pm on
14 Apr