July 13, 2025

A recent report by the World Bank has stirred discussions on inequality in India. While the report suggests a decrease in extreme poverty and overall inequality, critics argue that it presents an incomplete picture. The Gini coefficient has dropped from 0.288 to 0.255, indicating lower inequality. However, this mainly reflects consumption inequality, not income or wealth. The World Inequality Database reveals a starkly different reality, with India showcasing high levels of income and wealth inequality. The top 1% in India holds almost 40% of the wealth, placing the country among the most unequal globally. Despite claims of decreasing consumption inequality, income and wealth gaps continue to widen, painting a concerning picture of economic inequality in India.

Read More at Thehindu →

Tags: Inequality, World bank, Gini coefficient, Wealth inequality, Income inequality,