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According to the World Bank, the Gini coefficient in India was 0.339 in 2009, [17] down from previous values of 0.43 (1995–96) and 0.45 (2004–05). [18] However, in 2016, the International Monetary Fund, in its regional economic outlook for Asia and the Pacific, said that India's Gini coefficient rose from 0.45 (1990) to 0.51 (2013). [19]
The Gini coefficient is a number between 0 and 1 or 100, where 0 represents perfect equality (everyone has the same income), while an index of 1 or 100 implies perfect inequality (one person has all the income and everyone else has no income).
This is a list of countries by inequality-adjusted Human Development Index (IHDI), as published by the UNDP in its 2024 Human Development Report.According to the 2016 Report, "The IHDI can be interpreted as the level of human development when inequality is accounted for", whereas the Human Development Index itself, from which the IHDI is derived, is "an index of potential human development (or ...
In economics, the Gini coefficient (/ ˈ dʒ iː n i / JEE-nee), also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality, the wealth inequality, or the consumption inequality [2] within a nation or a social group. It was developed by Italian statistician and sociologist ...
Compared to other countries, income inequality in India is relatively small as measured by Gini coefficient. India had a Gini coefficient of 32.5 in the year 1999- 2000; [18] India's nominal Gini index rose to 36.8 in 2005, while real Gini after tax remained nearly flat at 32.6. [19]
Countries' income inequality according to their most recent reported Gini index values as of 2018. [50] Income inequality is measured by Gini coefficient (expressed in percent %) that is a number between 0 and 1. Here 0 expresses perfect equality, meaning that everyone has the same income, whereas 1 represents perfect inequality, meaning that ...
Compared to the Gini coefficient in practice, CV puts higher weight on the right tail of the scale, making it sensitive to the rich. Coefficient of variation may be a suitable choice of measure if the goal of a study is to analyze the wealth concentration at the top of the distribution. [17] [18]
India's economy was growing rapidly in 2011, but a big section of the population was still living in poverty, making income disparity a serious problem. [30] Post-tax Gini coefficient: In 2011, India's estimated Gini coefficient ranged from 0.33 to 0.36, indicating moderate to high levels of income inequality.