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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 ...
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%
lower middle-income line 3.20 (PPP $ day) 26.2 365m [7] upper middle-income line 5.50 (PPP $ day) 60.1 838m [7] Asian Development Bank (2014) poverty line $ 1.51 per person per day [8] Tendulkar Expert Group (2009) urban poverty line Rs 32 per person per day consumption [9] rural poverty line Rs 26 per person per day consumption [9]
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]
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.
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
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 ...