An IMF working paper from the same year showed that India had one of the highest and fastest-growing inequality rates in Asia.45 Its score on the Gini index—a measure of inequality where 0 means total equality and 100 total inequality—rose from 45 in 1990 to 51 in 2013. China’s increased even more quickly, from 33 to 53. But 51 is still unusually high: a level common in Latin America, but far above Asian economies like Japan and South Korea. The threshold for entry into the wealthiest “one percent” differed wildly across countries, according to research from Credit Suisse in 2016. In North
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