Addressing income inequality in India demands more than aggregate economic growth. As Nobel Laureate Joseph Stiglitz has noted, middle-class erosion threatens both political stability and ...

Time to bridge income inequality gap The weakening of India’s middle-income groups signals a worrying trend towards a hollowing-out of the economic centre By Amit Kapoor Mukul Anand ...

It is also true that given the degree of income inequality in India, if the income of the top 10% is taken away, the per capita income of the remaining 90% will look alarmingly low. Effectively, while ...

Although after liberalisation, between 1990 and 2022, the average real growth rate in income in India became 3.6% per year, significantly higher compared to 1.6% between 1960 and 1990.

A score of 0 means perfect equality, while a score of 100 means one person has all the income, wealth, or consumption, and others have none—indicating absolute inequality. The higher the Gini index, ...

Across 41 states, the bottom 20% make less than $20,000 on average. Meanwhile, the top 20% earn more than $250,000 in 25 states -- accounting for half of America. While it's not exactly a new ...

Across 41 states, the bottom 20% make less than $20,000 on average. Meanwhile, the top 20% earn more than $250,000 in 25 states — accounting for half of America. While it’s not exactly a new ...

Key Findings The bottom 20% earn less than $20,000 in 41 states. By sharp comparison, the top 20% earn $300,000 in 10 states: New York (#1), Connecticut (#2), California (#4), Massachusetts (#5), New ...

Examining the relationship between income inequality and economic growth across different countries from 1991 to 2022, it is found that a positive and significant relationship between income ...