Gini Coefficient – UPSC Prelims

Gini Coefficient
  • The Gini Coefficient is an indicator of economic development in a country.
  • The Gini Coefficient measures the degree of income equality in a population.
  • The Gini Coefficient can vary from 0 (perfect equality) to 1 (perfect inequality).
  • A Gini Coefficient of zero means that everyone has the same income, while a Coefficient of 1 represents a single individual receiving all the income.
Gini Coefficient of India:
  • India’s Gini coefficient, a measure of the distribution of income across the population has increased from 74.7 in 2000 to 82.0 in 2019 and reached 82.3 at the end of 2020.
  • However, India has done less badly than China on its Gini coefficient as China has seen a sharper concentration in 2020.

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