Disparity between States: The low-income States (LIS) have low accessibility to credit, investments, power availability, and high energy costs. The high-income States (HIS), on the other hand, have a big share in industry and commerce. 6 High Income States (HIS) are : Maharashtra, Tamil Nadu, Gujarat, Karnataka, Andhra Pradesh and Telangana. 6 Low Income States …
Findings of World Inequality Report: Top 10% earn 57% of national income, and within that top 1% earns 22% while the bottom 50% earn only 13% of the income. This deeply impacts social mobility. This has also translated to inequalities in education and the labour market. What trends emerge from labour market analysis? Since the …
Inequality in India: According to the World Inequality Report 2022, the top 10 percent of Indians had about 96 times more income on average than the bottom 50 percent. Oxfam International claimed that in 2021, India’s top 1 per cent owned about 77 per cent of the country’s wealth. Constitutional mandate to reduce inequality: Directive …
International Labour Organization : India Wage Report: Real average daily wages in India almost doubled in the first two decades after economic reforms, but low pay and wage inequality remains a serious challenge to inclusive growth, the International Labour Organization warned in its India Wage Report. The ILO has called for stronger implementation of minimum …
Highlights of Report Globally 82% of wealth generated in 2017 worldwide went to 1%, while 3.7 billion people that account for poorest half of population saw no increase in their wealth. Year 2017 saw unprecedented increase in number of billionaires, at rate of one every two days. Billionaire wealth has risen by average of 13% …
Facts: In India, the richest 1% have claim to 60% of the country’s wealth, and the bottom 50% to 2%. 57 billionaires in India own as much as the bottom 70% of the population. World Inequality Report 2018 There is continuous growth in inequality in India since the mid-1980s Top 1% of income earners received 6% …
In the light of recently released Socio Economic and Caste Census (SECC), examine how poverty has been defined in India by various committees and commissions. Also critically comment how poverty in India is linked to the caste factor. (200 Words) So far, Poverty definition has been done by various committees. Name of various committees are …
Facts: India’s richest 1% now hold a huge 58% of the country’s total wealth, indicating rise income inequality. It is higher than the global figure of about 50%. WB has revised the global poverty line from $1.25 a day to $1.90 a day. Based on an average of the national poverty lines of 15 poorest …