US EditionIndia Ranks Among Top World's Most Equal Societies, Says World Bank Report: What Does It Mean?
INDIA, JUL 5 – India's income equality improved due to targeted welfare schemes, lifting 171 million out of extreme poverty, with a Gini Index of 25.5, ahead of the US and China, World Bank reports.
- India achieved the fourth position globally in terms of income equality, with the World Bank's latest figures showing a Gini coefficient value of 25.5.
- This ranking follows a decade of policy efforts that reduced extreme poverty from 16.2% to 2.3% and expanded access to banking, healthcare, and welfare.
- India’s economic growth has become more inclusive, supported by initiatives such as the PM Jan Dhan scheme which has facilitated the creation of tens of crores of bank accounts, and Ayushman Bharat, which has distributed more than 41 crore health coverage cards.
- In the World Bank’s data for 167 countries, India surpassed China’s Gini of 35.7 and the US’s 41.8, marking a notable move toward greater equality.
- These outcomes suggest India’s model combines growth with fairness, emphasizing targeted poverty reduction and inclusive financial and social services.
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India ranked among world's most 'equal' societies: World Bank
India has been ranked as one of the most income-equal societies globally, securing the fourth position in the World Bank’s latest Gini Index rankings. With a score of 25.5, India now stands just behind the Slovak Republic, Slovenia, and Belarus, surpassing several advanced economies in income equality. Gini index reflects rising income equality The Gini Index is a widely accepted measure of income distribution, where a lower score indicates grea…
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Total News Sources19
Leaning Left1Leaning Right5Center1Last UpdatedBias Distribution71% Right
Bias Distribution
- 71% of the sources lean Right
71% Right
14%
14%
R 71%
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