Income Inequality In India Map

In the world bank data the index ranges between 0 and 100.

Income inequality in india map. Income inequality in india in the 20 th century. 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. Wealth distribution is also uneven with one report estimating that 54 percent of the country s wealth is controlled by millionaires. According to world bank s poverty and shared prosperity 2020 report the gini coefficient increases about 1 5 points in the five years following major epidemics such.

The share of the top 1 fell to its lowest point 4 4. Mapping income inequality around the world. 22 mar 16 8 income inequality up both in rural and urban areas income inequality has increased in both rural as well as urban areas. One may think that it is primarily due to differences in regional prices for example 100 can buy more goods and services in missouri than in new jersey.

In the us income inequality has been on the rise in the last four decades with incomes for the bottom 10 growing much slower than incomes for the top 10. Income inequality in india refers to the unequal distribution of wealth and income among its citizens. The share in national income of the top 1 0 1 and 0 01 peaked in the 1930s and then steadily declined following the second world war and decolonisation figure 1 left. According to gini co efficient thee has been increase in income inequality in rural india by 13 and in urban india by 15 india financial protection survey ifps has covered 63 016households in depth across the.

The us is an exception when it comes to income inequality. A country with a totally flat income distribution in which every person received the same. Disparity of income between regions has been large in many advanced countries. Income inequality has political and economic impacts such as slower gdp growth reduced income mobility greater household debt political polarization and higher poverty rates.

This is different to the experience of other oecd countries. India the source for global inequality data. Extreme inequality in numbers chhatiya is a young mother who lives in an urban slum in patna in northeast india.