India's Richest 1% Wealth Grew 62% From 2000-2023: G20 Report

Imagine a pie that represents all the money in the world.

This report says that from the year 2000 to 2023, the very richest people in India, the top 1%, got to keep a much bigger slice of their country's growing pie, an increase of 62%!

Globally, the super-rich, the top 1%, got almost half of all the new money that was made in that time.

Meanwhile, the people who have the least money, the bottom half of the world's population, only got a tiny sliver.

This is making the gap between the rich and poor really big, like an emergency.

Experts say this is not something that just happens; it's a choice that governments can change.

They are even suggesting a new group, like a 'climate change panel' but for money differences, to help everyone understand and fix this problem.

The G20 group of countries can help lead this effort.