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Income Inequality (Poverty Ratio (Poverty ratio from 2004-05 to 2011-12…
Income Inequality
Poverty Ratio
alternate way to measure income inequality
measuring the consumption of food and non-food items by households
Tendulkar Committee in 2005
Use data on per capita consumption expenditure on various items
Poverty line on this basis
C Rangarajan Committee of 2012
use consumption expenditure of family to measure poverty
Poverty ratio from 2004-05 to 2011-12 has
declined
due to rise in economic growth
Gini Coefficient has increased
Different conclusion from different methodology about Income Inequality
India's richest 1% corner 73% of the wealth generated in the country
Oxfam Survey
Reward Work, not wealth
2017 shows unprecedented increase in number of billionaires
Rising Gender income inequality
Nine out of ten billionaire are men
Gini Coefficient
measure of income inequality
condenses income distribution in a single number between 0 and 1
Higher the number - greater the degree of income
inequality
Kuznets Income Distribution
Inverted U shaped curve
In early stages of development - higher income inequality
at high average level of income - income inequality decreases