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March 27, 2024 at 2:17 PM. ... the distribution of income in India was more equitable under British colonial rule than it is now, according to the group of economists who co-authored the study ...
According to the CIA World Factbook, the Gini coefficient of India, which is a measure of income distribution inequality, was 35.2 in 2011, ranking 95th out of 157. [2] Wealth distribution is also uneven, with one report estimating that 54% of the country's wealth is controlled by millionaires, the second highest after Russia, as of November ...
The 2024 Interim-Union Budget of India [1] provides comprehensive information regarding the projected revenue and government spending for the fiscal year 2024–25, commencing on 1 April 2024 and concluding on 31st March 2025. [2] [3] [4] Finance Minister Nirmala Sitharaman presented the Union Budget in the Lok Sabha on 1 February 2024 ...
In 2014, the share of national income accruing to India's top 1% of earners was 22%, while the share of the top 10% was around 56%." [ 11 ] : 123 Quartz cited the report, "[S]ince 1980 the top 0.1% have captured as much income growth as the entire bottom half of world's (adult) population.
With rising economic growth and India's income is also rising rapidly. As an overview, India's per capita net national income or NNI was around Rs. 98,374 in 2022-23. [1] The per-capita income is a crude indicator of the prosperity of a country. In contrast, the gross national income at constant prices stood at over 128 trillion rupees. [2]
Lower middle income 48.2 2019 48.10 2021 Croatia: Southern Europe: High income 28.9 2021 28.92 2022 Haiti: Caribbean: Lower middle income 41.1 2012 41.10 2012 Hungary: Eastern Europe: High income 29.2 2021 29.32 2022 27.8 2021 Indonesia: South-eastern Asia: Upper middle income 36.1 2023 37.92 2022 India: Southern Asia
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