Please weight: when confronted by a large Indian statistic, divide by population

The latest wealth index by New World Wealth that looks at multimillionaires has ranked India eighth in the global rich list. But Maitreesh Ghatak and Debraj Ray contend that looking at absolute numbers can be misleading. Accounting for population and economic differences across countries, it shows that while India does not stand out in terms of income going to the top 1%, it does in terms of income going to the top 0.1%.