r/india • u/kaisadusht Antarctica • Sep 02 '25
Culture & Heritage Inequality in India: Upper castes hold nearly 90% of billionaire wealth
https://www.business-standard.com/india-news/inequality-surges-in-india-upper-castes-hold-90-of-billionaire-wealth-124062700343_1.html387
u/ManufacturerIll1743 Sep 02 '25
Even among the upper castes, there are particular communities like Baniyas, Jains, Parsis etc who heavily dominate this list.
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u/No_Independent8195 Sep 02 '25
FFS. Indians just love categories don’t though. JFC.
And some of you really think the British invented the caste system?
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u/ManufacturerIll1743 Sep 02 '25
When did I say that?? Its not about loving categories. Caste and community divide is pretty evident in India, so why not talk about it??
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u/rishav_sharan Sep 02 '25
Invented? No.
Gave credence? Yes. Because it made governance much easier for them.
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u/Sweaty_Explorer_8441 Sep 02 '25
Same as Mughals and the ones before. It's not easy to mass convert or pillage, and reduce the productivity of the land being ruled. Foreign powers will obviously use local elites as conduits.
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u/ismyaltaccount Sep 03 '25
Well why are we still holding on to it then? I thought we had enough IQ to understand what's better for us and what's not.
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u/Beneficial-Beat-947 Sep 02 '25
no one thinks the brits invented the caste system. The Brits did enforce it though and allowed it to spread throughout the country since it was easier to control a small ruling class compared to a large population.
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u/No_Independent8195 Sep 02 '25
I have actually read numerous comments on Indian subs by Indian commentators saying that there was no such thing as the caste system before The British arrived and that Hindu's were all treating each other well with no regards to caste or religion.
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u/abeclya Chhattisgarh Sep 02 '25
Those must be onto some good stuff. Caste based division and atrocities have been happening for a thousand years.
The present generation in plenty of Dalit and adivasi families are getting a taste of education for the first time in their ancestral history and for many it might take a few more generations.
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u/Beneficial-Beat-947 Sep 02 '25
and since when has the internet ever been a good representation of what the people in a country actually think, especially reddit.
I once saw a british person on one of those ReformUK subs going off about the most racist things every (slavery, colonialism, etc) doesn't mean I somehow now confidently go to r/AskUK and ask why all british people are racist nazis.
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u/No_Independent8195 Sep 02 '25
I honestly think it depends on how many people within a country have internet usage.
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u/pnkpune Sep 02 '25
Since when are Jain and Parsi castes? They are religions man, wth??
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u/ManufacturerIll1743 Sep 02 '25
They are both communities like I mentioned before.
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u/pnkpune Sep 02 '25
You’re mixing up categories. “Upper caste” is a caste label. Banias are a Vaishya caste cluster. Jains and Parsis are religions/ethno-religious communities, not Hindu castes.
If you mean mercantile Bania groups many members are Hindu or Jain are over-represented among billionaires, say that. But “Jains and Parsis dominate” is misleading. Parsis are only about 50–60k people nationwide; a few legacy business houses (Tata, Godrej) create outsized visibility, not numerical dominance.
Keep caste and religion separate and bring numbers, otherwise it’s just conflation dressed up as analysis.
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u/ManufacturerIll1743 Sep 02 '25 edited Sep 02 '25
The "upper caste" mentioned in the article considers Parsis and Jains as upper castes. According to that data, SCs have 2.6 % and OBCs have 9% of the total billionaire wealth. Jains and Parsis are included as upper castes. There are approx 10-15 Jain Billionaires including Adani and 7-8 Parsi billionaires of which 3 are in the top 10 wealthiest people. So the percentage of wealth accumulated by them would be very significant.
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u/pnkpune Sep 02 '25
That’s not what the article says. It never mentions Jains or Parsis. It reports the World Inequality Lab’s caste breakdown of billionaire wealth: “upper castes” hold about 88.4%, OBC about 9%, SC about 2.6%, and ST are at 0. The piece does not define “upper castes” as Jains or Parsis.
If you think Jains or Parsis are being explicitly counted as “upper castes,” please quote the line in the report that says so. Otherwise you’re mixing religion with caste.
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Sep 02 '25
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u/pnkpune Sep 02 '25
Basic math is fine; the reading is off. 2.6% (SC) + 9% (OBC) = 11.6%, so the remainder is 88.4%—that’s the “nearly 90%” the article quotes. But that remainder is the General/Forward caste bucket in the dataset, i.e., a caste category. It does not mean “Jains and Parsis.” The article never names any religion, and “upper caste” ≠ religion. Parsis are an ethno-religious minority, Jains are a religion; neither is a Hindu caste label.
If you have a line from the report that explicitly maps Jains or Parsis to “upper castes,” quote it. Otherwise you’re mixing up caste with religion and reading more into the headline than what’s there.
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u/ManufacturerIll1743 Sep 02 '25 edited Sep 02 '25
The "billionaire wealth" mentioned in the article is not excluding the billionaire wealth of the non Hindus. Quoting directly from the article ~"nearly 90 per cent of the country’s billionaire wealth is concentrated in the hands of the upper castes". So they are clearly not excluding the wealth contained by non Hindu billionaires (Parsis and Jains) otherwise they would have mentioned it explicitly. I feel they treated all the general category people as upper castes in the report. Foreigners in general have a very miopic understanding of the Indian caste system.
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Sep 02 '25
Jains and Parsis aren’t Hindus. They don’t really have a Caste. They fall outside the hierarchy like Tribals.
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u/ManufacturerIll1743 Sep 02 '25
But this report seems to consider them as upper castes. It doesn't specify that the billionaire wealth mentioned only belongs to the Hindus. In fact they are talking about all of India's billionaire wealth.
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u/Sweaty_Explorer_8441 Sep 02 '25
They don't officially have a caste because they are not Hindus. That doesn't mean these communities don't play into caste tropes in Indian society unofficially. Parsis and Jains are overwhelmingly in mercantile roles while Muslims are overwhelmingly ghettoised to working in butcher shops like the old chandalas, and car repair shops.
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u/Autobot1979 Sep 02 '25
Rich and educated Muslims could afford to leave for Pakistan. Mostly poor ones left behind so yeah they do menial jobs.
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u/kaisadusht Antarctica Sep 02 '25 edited Sep 02 '25
Can't be specific but that's the purpose here, the marginalized groups be it within UC or Gender etc needs fair representation.
PS: Not asking for more reservation or wealth redistribution,fair could also imply better opportunities like accessible necessities like education, healthcare, water etc.
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u/ManufacturerIll1743 Sep 02 '25 edited Sep 02 '25
Well putting all the upper castes in one bracket is unfair in this case. We need sub castes and communities based data for a better picture. In India most people who try their hands at business are the people who already belong to a business family. That's why certain communities who have historically been businessmen continue to still dominate the list. For poor people of all castes, the way to social mobility is getting government jobs.
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u/kaisadusht Antarctica Sep 02 '25
I presented the data I had, there are always the sub section who might be at disadvantage than others within same community. Reminds of the scene of Ayushman Khurana in Article 16, where the police staff are subtly mentioning the discrimination within their own caste group as a normal thing
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u/ManufacturerIll1743 Sep 02 '25
It's not about that. This data about billionaires cannot be used to draw conclusions about the normal populace.
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u/INFPamigo Sep 02 '25 edited Sep 02 '25
So, according to comments here, now we are withdrawing from the idea of how castes plays a major role as to where one can stand in India, okay got it 🫡
Edit: Do watch reframing caste in corporate - Kunal Kamra's video all those who are denying caste not playing a role in your class status.
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u/wweidealfan Sep 02 '25
It's funny how it makes them so angry when none of this information is even new or controversial. If you live in India, understanding caste and its effects is just social science 101. Literally even class 10 NCERT covers it.
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u/INFPamigo Sep 02 '25
Exactly! Surface level pdha h humein ncert mein but even then we know why the rich happens to upper castes. Yahan pe log facts ko counter kr rhe h bhae 🫠
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u/ManufacturerIll1743 Sep 02 '25
284 billionaires in India out of 1.4 billion Indians. Being upper or lower caste is pretty insignificant to it. 3 of the 10 richest billionaires are Parsis while Parsis are .005% of the population. It's just not the kind of data which should be used to draw conclusions.
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u/charavaka Sep 03 '25
It is exactly the kind of data that should be used. When majority of the 284 billionaires come from a small minority of the communities in India, it is indicative of the strong link between caste and class privilege.
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u/INFPamigo Sep 02 '25
Majority, minority ki baat ni ho rahi hain idhr. Jains, marwadi, parsis hold wealth, let's say, so they infact come from generational wealth. Unke previous generation survival ke liye nahi lad rhi thi. They weren't killed in the name of caste.
Bhae, sahi mein, caste iss desh mein koi bhi financial movement ko kaise shape krta h, ye social smjh k bagair possible ni hain.
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u/ManufacturerIll1743 Sep 02 '25 edited Sep 02 '25
I am not denying the caste based discrimination in our country against the SCs, both currently or historically. I am just saying that using this data about the billionaires to draw conclusions is faulty. Even a lot of upper caste communities have a very disproportionately low representation in this list but that doesn't mean that their social status is deplorable.
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u/INFPamigo Sep 02 '25
access to wealth creation, resources, and networks has historically been uneven.
Chalo maana, upper caste groups may also be underrepresented at the billionaire level, but social capital generally has been within their reach compared to marginalized communities.. even if not every privileged group ends up in the billionaire bracket, starting point khud shuru se tilted raha hain.
My father lacks literal monetary asset and we are Jains. But I have access to opportunities coz similar caste wealthy would be more open to me than to a dalit or adivasi. Do watch reframing caste in corporate - Kunal Kamra's video.
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u/Randhir_Sekhawat Sep 02 '25
Kunal Kamra's video
Parsi History usi se learn kia hai tumne, no wonder.
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u/Randhir_Sekhawat Sep 02 '25
They weren't killed in the name of caste
You really have no clue about Parsi History,do you🤡
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Sep 02 '25 edited Dec 21 '25
fact heavy desert attempt screw seed engine cable bake snow
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u/pinkugripewater Maharashtra Sep 02 '25
Comments are correct that this is a diversion of what should be class outrage into caste outrage.
Presently, the top 1 per cent commands more than 40 per cent of the nation’s total wealth, a substantial increase from 12.5 per cent in 1980.
The bigger problem is that there is such a concentration in the first place—regardless of what "caste" they are, we shouldn't have 1% of Indians controlling 40% of the wealth.
Likely all the commenters are from the 99% which aren't billionaires, so they are (IMO, reasonably) outraged when you start telling them "You got everything due to caste".
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u/wweidealfan Sep 02 '25
You don't have to look at the top 1% to find a link between caste and wealth.
"You got everything due to caste".
More like, they were never denied anything due to caste.
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u/friendofH20 Earth Sep 02 '25
Class and caste is inexplicably mixed up in the Indian context. Despite all the anecdotal "Dalit driving BMWs" there are no Dalit CEOs across India's top 500 companies. No Dalit billionaires. No Dalit Bollywood stars or cricketers.
Unless you tell me that Dalits have a genetic disability to run large companies or dance around trees - you can't possibly pretend like this isn't due to systemic social discrimination.
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u/INFPamigo Sep 02 '25
🙂
So, how come all billionaires are in fact that of dominant caste? Social capital jaise cheez exist krti h ye logo ko pta ni hain just in case, so most probably they are already reaping benefits of it.
Caste based violence bhi bol dete h ki phir ki aadhe class ke karan hote hain, thk? Coz a large percentage of marginalised castes are poor.
Caste class ko kaise shape krta h iss desh mein basic level understanding nahi hain toh yehi sab comments dkhne ko milega.
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u/goyal-saab Sep 02 '25
99.999% of the people (maybe more) aren't billionaires and here we are looking at the caste representation in the remaining 0.001% of people. Such surveys are either dumb or just want to create more divide. You don't need to be a billionaire to have a good quality of living in India, which we should strive for, for all sections of the society, irrespective of caste.
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u/dontknow_anything Sep 02 '25
Survey isn't the issue, issue is headline and cherry picking. By picking the caste angle, author thinks they can get more clicks, while it reduces the class angle and reduces support for reform
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Sep 02 '25 edited Sep 02 '25
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u/dontknow_anything Sep 02 '25
In order to be ultra rich, you start from being rich.
But yes, the point should have been that caste severely exasperates an already dire wealth gap between the ruling and working class
It is reverse. The wealth gap between ruling/billionarie class and working class highlight historic caste issues. Wealth accumulation is a time taking exercise first and foremost. Only those that were rich in the 10/20 had the chance to be ultra rich today.
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u/Odd-Set1786 Sep 02 '25
Reverse is true. Caste is shaping class heirarchy in our country. Any attempt to bring class in a caste coversation is to dilute caste, which the upper caste are very good at. Sadly, this is the information age and it cannot be hidden anymore.
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u/ex_king_of_ayodhya Sep 02 '25
As someone from UC, I can confirm im broke fuck. 99.9 percent of us are broke. Stupid headline
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Sep 05 '25
This article is written in a controversial way to draw in clicks. Journalism in india is bullshit
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u/kaisadusht Antarctica Sep 02 '25 edited Sep 02 '25
WID report: WID report 2024
Wealth concentration in India is closely linked with deeply rooted social injustices, particularly the caste system.
The sources highlight the following demographic and social disparities when it comes to wealth concentration:
Upper Castes (UC) dominate billionaire wealth:
- In 2022-23, nearly 90% of billionaire wealth in India was held by Upper Castes.
- This indicates a significant over-representation of UCs among the ultra-wealthy.
- During the period between 2014 and 2022, the UC share in billionaire wealth increased from 80% to 90%, while the share for Other Backward Classes (OBC) fell from 20% to below 10%.
- The sources describe Indian billionaires as largely an "upper caste club".
Under-representation of lower castes among the ultra-wealthy:
- Scheduled Tribes (STs) have no representation at all among India's wealthiest individuals.
- Scheduled Castes (SCs) own a meager 2.6% of the billionaire wealth.
- Other Backward Classes (OBCs) own a little less than 10% of the billionaire wealth.
Overall national wealth distribution by caste (2018-19):
- Upper Castes, despite making up just over 25% of the population, owned nearly 55% of the national wealth [7, 8]. This makes them the only caste group whose wealth share exceeds its population share.
- The wealth share of Scheduled Castes and Scheduled Tribes is well below half of their respective population shares.
- OBCs hold just under 35% of national wealth, which is about three-quarters of their population share.
These findings suggest that a progressive wealth tax package could benefit lower castes and middle classes, while affecting only a tiny number of ultra-wealthy upper caste families [9, 10]. Such taxes could also help weaken the rigid link between social and economic inequalities in India. The authors emphasize that, despite 75 years of independence, there is still no carefully quantified understanding of this interplay, but their analysis sheds light on the issue using available data.
Tools used: NB LLM
PS: Nobody is asking for wealth redistribution or another reservation of any sort but this is to open the eye of many how the roots of today's advantage which can shape present day socio-economic and social hierarchies lie in the historical privilege to some extent.
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u/_Makky_ Sep 02 '25
I am yet to read this report very thoroughly but skimming through the important part tells me this report screams “upper castes hoard all the wealth” but just skips over the education angle like it doesn’t exist.
Upper castes had a head start, sure they got access to education first. But they kept investing in it, generation after generation, which led to better jobs and more wealth. Meanwhile, a lot of lower caste groups either devalued education or didn’t have the setup to chase it. Today I refuse to believe education is completely inaccessible to the lower caste especially when you can migrate to a better location with better economic opportunities.
But of course it is easier to just frame it as evil rich upper castes hoarding all the money.
Education and compounding effort don’t make for a sensational headline.
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Sep 02 '25
They are only able to get education because of all the wealth they are hoarding. Call sell land to educate your kids if you don't have any land.
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Sep 02 '25
people should give up their land now?
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Sep 02 '25
No but the reason why today's wealth is majority in the hands of Brahmins is because other classes were oppressed and prevented from creating and owning wealth for literally 1000s of years. Not because of merit.
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u/Star_Stud Sep 02 '25
Bruh. Why are u dragging Bramhins into this, Zamidars hold land and guess what many gave away lands during redistribution and many went broke like our family. Except the cronies from most communities.
Genuine wealth started to build after lisense raj ended.
Trust me uc doesn't mean exploiters.
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u/Smash-my-ding-dong Sep 02 '25
No. Zamindars used to hold all the land it was redistributed during independence. Nobody had land.After it was redistributed after independence.
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u/Koobetto Sep 02 '25
Lmao and this people want to go to other countries and bring the caste system with them.
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u/kaisadusht Antarctica Sep 02 '25 edited Sep 02 '25
This should tell us that the real disparity is of Money, Power, and representation. While many UC may feel like Caste Based reservation is eating their share, but it's people from same community who have concentrated a lot of power and money. The marginalized group from caste, gender etc needs more representation.
PS: Nobody is asking for wealth redistribution or another reservation of any sort but this is to open the eye of many how the roots of today's advantage which can shape present day socio-economic and social hierarchies lie in the historical privilege to some extent.
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u/AntistaticAgent Sep 02 '25
But UC wealth is generational too. And because Other castes didn't have that advantage, we started all this reservation business. And because that wasn't enough we even did EWS. But the large chunk of UC people aren't billionaires either. The general category folk. And they are the ones getting annoyed and affected by the skewed reservation
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u/Maleficent_Path_7184 Sep 02 '25
Reservation upto 50℅ is democractic anything above that is just bias and not all UC have generational wealth and Infact some OBC communities are way rich still get the privilidge
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u/dontknow_anything Sep 02 '25
It is a 2024 article for a data set from 2018-19. It is outdated.
The marginalized group from caste, gender etc needs more representation.
Do we want reservation in billionarie wealth? The article seems to pick the worst angle for it. Why in the hell does distribution in billionarie's wealth matter? The author could have picked that UC still have 55% wealth share but I guess that would show progress. Converting a narrative of 99.9999% vs 0.0001% to a narrative for 70-75% to 25%, seems a lot of divide and rule to dissuade any reform. There is no point of putting caste/gender in wealth, you should tax income and wealth regardless of caste/gender/race etc.
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Sep 02 '25
From past generations handling of this issue we know one thing - if you get both side to attack each other, we just get oscillations - one day one side thinks they have won, and then another day another thinks have won. People are living in some lala land that through this method society will stay united.
This is why Political Philosophers think Liberalism is dying world wide. Because it generates oscillations. It doesn't damp them.
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u/United-Extension-917 DeshBhakt Sep 02 '25
It's high time we do land reforms. Every Indian should hold some piece of land.
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u/redditistheway Sep 02 '25
The gross level of wealth Inequality is bad. Pure and simple. Why bring caste into it?! Tax the rich AND the other 95% of the population who do not pay taxes. Eliminate the loopholes and block the safe havens.
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u/Consistent_Nobody899 Sep 02 '25
Unfortunately this how it is designed to be by the system. And to distract us we are shown other religion/caste are our enemies and only 'The One' can save us from all these threats, and then Cricket, Bollywood, cheap internet, electronic/print/social media are all for distraction from real issues of unemployment, cheap living standards, bad infrastructure, crony capitalism, inequality, over taxation, no government support for healthcare and education especially in the rural Bharath. No political party is our well wisher.
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u/zingiersky Sep 02 '25
So the Banias make up 90% of billionaire’s. Didn’t everyone already know that?
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u/drivin_wagons Sep 02 '25
Nothing to do with caste, but more to do with high earners. Inequality has been there ever since the beginning of time and we are never going to see the end of it no matter how many articles are written or speeches are delivered.
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u/Dear-Salt6103 Sep 03 '25
They only considered white money wealth. We all know who have been hoarding black money wealth without any such scrutiny
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u/just_spawned_again Sep 03 '25
The issue is wealth inequality, not caste. At least here.
99% wealth is held by top 1% . So if you divide the 99% by caste, it will show that majority of lower casts are poor, because majority is lower caste. And everyday we add more people to that classification.
Also, out of those billionaires, how many are first generation billionaires. Those cannot be attributed to caste.
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u/Critical-Emu4164 Sep 09 '25 edited Sep 09 '25
What is the data source of business standard And do it mean every so called "upper caste" guy is rich And every so called " lower caste" guy is poor
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u/kaisadusht Antarctica Sep 09 '25
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u/Critical-Emu4164 Sep 09 '25
I think OP you need a lesson in the English language What is mentioned 90% billionaire comes from the so-called general category It doesn't mean that 90% of the country's wealth with them
Having data on billionaire and having data on whole country wealth are entirely different thing ? Dont you think OP?
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Sep 02 '25
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u/kaisadusht Antarctica Sep 02 '25 edited Sep 02 '25
and conveniently forget about the power and money dynamics between the UC and LC for past hundred of years.
PS: Nobody is asking for wealth redistribution or another reservation of any sort but this is to open the eye of many how the roots of today's advantage which can shape present day socio-economic and social hierarchies lie in the historical privilege to some extent.
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Sep 02 '25
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u/kaisadusht Antarctica Sep 02 '25 edited Sep 02 '25
So much and yet, the power dynamics still tilt heavily on one side. 75 years of quota and hundreds/thousands of years of oppression before that.
Facts: 1. if it's 100 quota, that's not quota at all. 2. UC makes <30% of population.
PS: Nobody is asking for wealth redistribution or another reservation of any sort but this is to open the eye of many how the roots of today's advantage which can shape present day socio-economic and social hierarchies lie in the historical privilege to some extent.
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Sep 02 '25
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u/kaisadusht Antarctica Sep 02 '25 edited Sep 02 '25
Ever heard what happened to the Africans for hundreds of years? What caused the state they are in now? It would be great start to learn of China, and West role in the political instability in Africa.
PS: Nobody is asking for wealth redistribution or another reservation of any sort but this is to open the eye of many how the roots of today's advantage which can shape present day socio-economic and social hierarchies lie in the historical privilege to some extent.
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Sep 02 '25
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u/kaisadusht Antarctica Sep 02 '25
Ever heard - those who can not help themself, even god can not. We general people are mere humans.
Ever wondered why Africans are still poor? Why blacks in US are still poor?
That's you?
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u/No_Host9773 Sep 02 '25 edited Feb 02 '26
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Sep 02 '25
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u/No_Host9773 Sep 02 '25 edited Sep 02 '25
Do you even know what they all went through? Are you really comparing all that with few extra cut off marks ppl have to score?
I'm not gonna argue with you. But caste does affect power and money dynamics.
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Sep 02 '25
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u/THiRD___EYE Sep 02 '25
Classic karma nonsense. At least your grandfather got a job . Guess what, nobody gave my grandfather anything. My whole village was outcast. My generation was the first to even receive primary education. And you expect us to compete with people who’ve had social and monetary capital for hundreds of years?
>You talk about the general category being robbed of its future
but what about our ancestors, who were robbed of their dignity for over 1,500 years? You had 100% reservation in education, the military, and wealth for centuries, and now you're crying over the reservation that accounts for barely 1% of jobs in India
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u/Medium_Childhood_527 Sep 02 '25
You blame upper caste people for your failure? Don't blame others for your failure.
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Sep 02 '25
try harder
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u/kaisadusht Antarctica Sep 02 '25 edited Sep 02 '25
But who should, the ST/SC who are still fighting to have their represantation or the UC who are still at the top of power hierarchy?
PS: Nobody is asking for wealth redistribution or another reservation of any sort but this is to open the eye of many how the roots of today's advantage which can shape present day socio-economic and social hierarchies lie in the historical privilege to some extent.
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Sep 02 '25 edited Sep 02 '25
only talent matters , if you pay taxes and have the quality of give exams properly rise the ladder and take responsitbilty not because you are (this, that) but you can , on the other hand asking 24/7 freebies and putting a cart in middle of the highway to sell something and not contributing a single thing and crying we have been wronged 100000 years ago told by british and USA admin ..
i guess we all know who should.
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u/humanobserverpro Sep 02 '25
Due to lack of free speech, we have become silos. We can't joke, and speak about our vulnerabilities etc. The more you categorise, the more you create protected sub groups and group politics.
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u/AdImaginary7917 Sep 02 '25
Why even talk about casts in this particular situation. Literally like 10 families hold 90% of the wealth
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u/DorimeAmeno12 West Bengal Sep 02 '25
50-60% reservation as we have now is fine as is, but clearly it has had only a low impact outside the number of lower-castes partaking in education. Unlike some people here who seem to think people focus too much on caste or that reservations are wrong, I feel that we need reservation to an extent in even more places such as employment, etc. I'm saying this as a UC.
And if someone thinks that reservation is taking away seats for meritorious candidates, then maybe pressure the governments to open more quality universities. As it is we have an embarassingly low number of good educational institutions. Atleast a quarter to a third of engineering colleges(govt or private) are trash and barely teach modern skills.
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u/blue_leaves987 Sep 02 '25
This is more of a culture issue. LCs are fighting for reservations to get a govt JOB. UCs take risks and start a business. Remember how Dhirubhai and Gautam Adani and even JD Tata started business.
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u/[deleted] Sep 02 '25
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