Income Inequality In India Graph
This Is A Chart That Is Showing The Poverty Levels Of India Atleast Two Thirds Of India S Population Are In Poverty Which Is A Urban Poverty Poverty Emergency
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India the source for global inequality data.
Income inequality in india graph. Chhatiya is a young mother who lives in an urban slum in patna in northeast india. The us is an exception when it comes to income inequality. The richest 5 own 68 6 while the top 10 have 76 3. In india the richest 1 own 53 of the country s wealth according to the latest data from credit suisse.
With her husband they were forced into debt to pay private healthcare fees for their new born son when the public clinic was unable to provide the care he needed. From their latest work on income inequality lucas chancel and thomas piketty contend that there has been a sharp increase in wealth concentration from 1991 to 2012 particularly after 2002. According to a report by the johannesburg based company new world wealth india is the second most unequal country globally with millionaires controlling 54 of its wealth. Rather with this growth of national income over the last two decades inequality in the distribution of personal income has been accentuated.
Most farmers in india could not enjoy the benefits of higher agricultural produc tivity. Gini coefficient for per capita expenditure from world bank india database and world bank 2016 database as listed in world income inequality database version 3 4 january 2017 accessed 28 february 2017. Last year s survey had showed that india s richest 1 held 58 of the country s total wealth which was higher than the. As a result inequality in the distribution of income in the rural areas has increased.
Pattern of income distribution in india. Extreme inequality in numbers. This is different to the experience of other oecd countries. On each graph users can click on the icon and will find the definition of the concepts at stake.
The distribution of national income in india totally remained in equal although its volume has grown sizeably more particularly during the last two decades. Gini coefficient for equivalised disposable household income from lis key figures see vanneman and dubey 2013 accessed 21 february 2017. Open access high quality wealth and income inequality data developed by an international academic consortium.
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