Income Inequality Index India Rank

A lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients starting with the poorest individual.

Income inequality index india rank. Oxfam international s report the uk based charity released commitment to reducing inequality cri index. India ranks 147th in oxfam world inequality index pti london updated on october 09 2018 published on october 09 2018 india fares poorly on labour rights and respect for women in the workplace. In the index india ranked 147th among 157 countries and was labelled as a very worrying situation with respect to the rising inequality in the country. Out of 157 countries measured denmark topped first based on its high and progressive taxation.

Denmark stood at the top of the index while japan was the top ranking asian country standing at 11th on the index. Among rich countries usa showed a lack of commitment towards closing the inequality gap. Thus a gini index of 0 represents perfect equality while an index of 100 implies perfect inequality. India the source for global inequality data.

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. India ranks among bottom ten in oxfam world inequality index. Last year s survey had showed that india s richest 1 held 58 of the country s total wealth which was higher than the.

The ratio of the average income of the richest 10 to the poorest 10. India is no stranger to income inequality but the gap is widening further. The gini index provides a convenient summary measure of the degree of inequality. In terms of its ranking across specific pillars this year india was placed 151st on the index for public.

The gini coefficient was developed by italian statistician corrado gini in 1912 and is the most commonly used measurement of wealth or income inequality. Uk based charity oxfam international s commitment to reducing inequality cri index ranks india 147th among 157 countries analysed describing the country s commitment to reducing inequality as a a very worrying situation given that it is home to 1 3 billion people many of whom live in extreme poverty. Open access high quality wealth and income inequality data developed by an international academic consortium.