Income Disparity In India

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.

Income disparity in india. Pattern of income distribution in india. Open access high quality wealth and income inequality data developed by an international academic consortium. It is revealed from table 6 8 that in 2000 01 the national average per capita income in india was rs. Rather with this growth of national income over the last two decades inequality in the distribution of personal income has been accentuated.

Wealth distribution is also uneven with one report estimating that 54 percent of the country s wealth is controlled by millionaires. 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. As a result inequality in the distribution of income in the rural areas has increased. Chhatiya is a young mother who lives in an urban slum in patna in northeast india.

Extreme inequality in numbers. Highlights from the report. India is no stranger to income inequality but the gap is widening further. Actually oxfam has released a shocking report ahead of the 50 th annual meeting of the world economic forum which says that top 1 richest in india hold four times more wealth than the bottom 70 poorest combined.

The most important indicator of regional imbalance and disparity among the different states of india is the difference in per capita state income figures. Various measures have been adopted by the government during the plan period to reduce in equality in the distribution of income. Last year s survey had showed that india s richest 1 held 58 of the country s total wealth which was higher than the. At least that is what oxfam s recent report on wealth inequality in india says.

India the source for global inequality data. State per capital income as an indicator of regional imbalance. In china the top 1 captured 8 of national income in 1990 and rose to 14 in 2019 while in india the corresponding figures are 11 in 1990 and 21 in 2019 the world inequality lab said.