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

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