New Delhi: India has emerged as the world’s fourth most income-equal country, according to a new World Bank report, marking a major achievement in reducing income inequality and extreme poverty. The report highlights a significant improvement in India’s Gini Index, which now stands at 25.5, down from 28.8 in 2011–12—placing India ahead of major economies like the United States (41.8), United Kingdom, and China (35.7). The Gini Index, a statistical measure of income or wealth distribution within a population, ranks countries on a scale from 0 (perfect equality) to 100…
Read MoreIndia Becomes World’s 4th Most Equal Country in Income Distribution, Surpasses US and China: World Bank Report
