Income inequality in India higher in 2023 than 1950s, says report

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Income inequality in India higher in 2023 than 1950s, says report - Business Standard

Quick Summary:

The working paper states that the Gini coefficient for the country stood at 0.410 in 2023, up from 0.

For rural areas, the Gini coefficient stood at 0.405 in 2023, up from 0.341 in 1955, whereas for urban areas, it saw a slight decline to 0.382 from 0.392 during the same period.

The Gini coefficient measures the extent to which the distribution of income among individuals or households within an economy deviates from a perfectly equal distribution.