• UGI USER
  • Mar 22, 2024
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ASPECTS OF INEQUALITY IN INDIA:

Why in the news?

Rising inequality in India highlighted by World Inequality Lab research, indicating historical trends and policy recommendations for addressing disparities.

source:theindianexpress

About Income and Wealth Inequality Globally:

  • India’s income share of the top 10% and top 1% ranks prominently among other countries, indicating high levels of inequality.
  • Wealth inequality in India, while significant, falls middle-of-the-pack compared to nations like Brazil and South Africa.
What is the World inequality Lab(WLI)?

●   Research laboratory studying global inequality dynamics.

●   Hosts the extensive World Inequality Database.

●   Comprises social scientists dedicated to evidence-based research.

●   Missions include database extension, publishing papers, reports, and methodological handbooks, and dissemination in academic and public domains.

What is Income inequality?

Income inequality refers to the uneven distribution of income among individuals or households within a population, highlighting disparities in earnings.

About The World Inequality Report:

 The World Inequality Report is published by the Paris-based World Inequality Lab, a global research initiative.