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Income inequality in India refers to the unequal distribution of wealth and income among its citizens. 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 ]
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]
0.051% Ministry of Personnel, Public Grievances and Pensions ₹ 2,380 0.049% Ministry of Ports, Shipping and Waterways ₹ 2,377 0.049% Ministry of Civil Aviation ₹ 2,357 0.049% Ministry of Mines ₹ 1,941 0.040% The President, Parliament, Union Public Service Commission and the Secretariat of the Vice President ₹ 1,885 0.039%
High income 35.00% 2022 1.94 2022 2.610 2021 4.0 2021 Grenada: Caribbean: Upper middle income 48.52% 2022 2.88 2008 2.128 2018 Greenland: Northern America: High income 48.59% 2022 2.10 2018 Guatemala: Central America: Upper middle income 52.41% 2022 1.67 2014 1.672 2014 Guyana: South America: High income 52.41% 2022 1.09
Additionally, the top 0.001% had an income growth rate of 235% globally. (See in comparison to the Middle 40%, and Top 9%). [6] It is expected that in the next 30 years the global top 1%’s global income share will increase by roughly 25% while the bottom 50% will only increase by roughly 9%. [6]
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. And for the group of people in between the bottom 50% and ...
In 2016, the idea of a Universal Basic Income in India made huge news by taking up over forty pages in the 2016–2017 India Economic Survey [3] as a serious and feasible solution to India's poverty and a hope for the economy as a whole. In India, this was an idea that has been discussed for decades in both the public and private spheres.
This is particularly used to measure that fraction of income accruing to top earners – top 10%, 1%, 0.1%, 0.01%, and also "top 100" earners or the like; in the US top 400 earners is 0.0002% of earners (2 in 1,000,000) – to study concentration of income – wealth condensation, or rather income condensation. For example, in the chart at ...