South Asia The rich vs poor divide: How bad is India's income gap ranking?

[Bilal9]

Date of Event: Feb 7, 2025 Source : https://www.msn.com/en-in/money/photos/the-rich-vs-poor-divide-how-bad-is-india-s-income-gap-ranking/ss-AA1yrx9I?cvid=7c2b79f986be4e1f83678b318ae4965d&ei=81#image=15

Story by Daniel Coughlin • 3w

India, Gini income index score: 32.8

Income inequality has ballooned in India this century. Back in 2000, the top 1% of earners held 15.5% of national income. They now claim 23.1%. At the other extreme, the bottom 50% had 18.5% at the start of the 2000s but now share only 13.3%.

Though hundreds of millions of Indians have been pulled out of poverty, the very rich have become much richer. Campaigners have called for a more progressive tax system to deal with the issue and concerted action to bridge India's gender pay gap, which is among the widest in the world.

 

[Krishna with Flute]

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Story by Daniel Coughlin • 3w

India, Gini income index score: 32.8

Income inequality has ballooned in India this century. Back in 2000, the top 1% of earners held 15.5% of national income. They now claim 23.1%. At the other extreme, the bottom 50% had 18.5% at the start of the 2000s but now share only 13.3%.

Though hundreds of millions of Indians have been pulled out of poverty, the very rich have become much richer. Campaigners have called for a more progressive tax system to deal with the issue and concerted action to bridge India's gender pay gap, which is among the widest in the world.

This is true for every economy which follows capitalist model. Communism keeps everyone poor to maintain equality. In capitalism, everyone gets basic things to survive. It is not their concern whether rich becomes more rich. Rich becoming more rich means more tax revenue. More money with government to spend on welfare schemes. Today, Indian government runs the welfare schemes which is not possible for any other government to run in world. Let the rich becomeore rich.