Income Inequality Index India

India the source for global inequality data.

Income inequality index india. According to the cia world factbook the gini index of india which is a measure of income distribution inequality was 35 2 in 2011 ranking 95 th out of 157. A gini index of 0 expresses perfect equality while index of 100 expresses maximal inequality. Various measures have been adopted by the government during the plan period to reduce in equality in the distribution of income. The share of the top 1 fell to its lowest point 4 4.

Most farmers in india could not enjoy the benefits of higher agricultural produc tivity. Wealth distribution is also uneven with one report estimating that 54 percent of the country s wealth is controlled by millionaires. India gini index world bank estimate the value for gini index world bank estimate in india was 35 70 as of 2011. Income inequality in india in the 20 th century.

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 the graph below shows over the past 28 years this indicator reached a maximum value of 35 70 in 2011 and a minimum value of 31 70 in 1993. India is no stranger to income inequality but the gap is widening further. India has got more unequal over the last two decades india s gini coefficient the official measure of income inequality has gone from 0 32 to 0 38 with 0 being the ideal score.

Throughout the planning period inequality decreased continuously. The ratio of the average income of the richest 10 to the poorest 10. Open access high quality wealth and income inequality data developed by an international academic consortium. Gini gini index a quantified representation of a nation s lorenz curve.

R p 20 the ratio of the average income of the richest 20 to the poorest 20.