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. 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.
This is a list of countries or dependencies by income inequality metrics including gini coefficients the gini coefficient is a number between 0 and 1 where 0 corresponds with perfect equality where everyone has the same income and 1 corresponds with perfect inequality where one person has all the income and everyone else has no income.
Income equality in india. From their latest work on income inequality lucas chancel and thomas piketty contend that. Open access high quality wealth and income inequality data developed by an international academic consortium. India is no stranger to income inequality but the gap is widening further.
India the source for global inequality data. Analysis of income inequality in india in the recent years india has joined the club of most unequal countries. Based on the new india human development survey ihds which provides data on income inequality for the first time india scores a level of income equality lower than russia the united states china and brazil and more egalitarian than only south africa.
Income disparity has varied however among workers ages 25 to 34. Within this group women were making approximately 95 of men s salaries in 2010 but this has fallen significantly to 89 in 2018. Income inequality in india refers to the unequal distribution of wealth and income among its citizens.
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 top 1 of earners in india is now at its highest level in nearly a century new research reveals.