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Ministry of Consumer Affairs, Food and Public Distribution ₹ 223,323 4.633% Ministry of Home Affairs ₹ 219,643 4.556% Ministry of Rural Development ₹ 180,233 3.739% Ministry of Chemicals and Fertilisers ₹ 168,500 3.495% Ministry of Communications ₹ 137,294 2.848% Ministry of Agriculture and Farmers Welfare ₹ 132,470 2.748%
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 ...
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 ...
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]
The rate of GNI per capita growth in annual percentage according to the World Bank for last available year is shown in below table. [1] These values of GNI per capita growth are corrected for inflation, but not adjusted for purchasing power parity.
In economics, income distribution covers how a country's total GDP is distributed amongst its population. [1] Economic theory and economic policy have long seen income and its distribution as a central concern. Unequal distribution of income causes economic inequality which is a concern in almost all countries around the world. [2] [3]
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