India in Top Rankers in Terms of Income Equality, better than G7 and G20 nations
India has emerged as one of the most income-equal societies globally. It secured the fourth spot in the latest World Bank rankings with a Gini Index of 25.5. India’s score is better than that of major economies like China(35.7), the United States (41.8), and all G7 and G20 countries. What is the Gini Index? The Gini Index is a widely used measure of income distribution. A score of 0 indicates perfect equality. A score of 100 reflects maximum inequality. A score of 0 would mean every person of the population earns the same. This also reflects equitable growth, which is…