Rising Income Inequality
Income inequality refers to the uneven distribution of income among a population, where a small percentage of individuals or households earn a disproportionately large share of the national income. In India, despite robust economic growth, concerns have been raised about the widening gap between the rich and the poor, posing challenges to inclusive development and social cohesion.
Recent Developments
- According to the World Bank, India's Gini coefficient (based on consumption expenditure) stands at 25.5 in 2022-23, placing it as the fourth most equal country globally among those for which data is available, behind only the Slovak Republic, Slovenia, and ....
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