India’s top 1% grew its wealth by 62% since 2000: G20 report

Current Context: The “G20 Extraordinary Committee on Global Inequality Report” was released on 4 November 2025 under South Africa’s G20 presidency.

• It was authored by Joseph Stiglitz, Jayati Ghosh, Winnie Byanyima, and Imraan Valodia.
• The report highlights that India’s top 1% increased their wealth by 62% since 2000, surpassing China’s 54%.
• Globally, the top 1% captured 41% of new wealth, while the bottom 50% received only 1%.
• It warns that inequality has reached “emergency levels”, posing risks to democracy, economic stability, and climate action.
• The committee calls for urgent reforms to ensure fairer wealth distribution and stronger resilience worldwide.

Question:

Q.1 Which country held the Presidency of the Group of Twenty (G20) when the “G20 Extraordinary Committee on Global Inequality Report” was released in 2025?
a) India
b) Brazil
c) Saudi Arabia
d) South Africa

Answer: d) The “G20 Extraordinary Committee on Global Inequality Report” was released on 4 November 2025 under South Africa’s G20 presidency.