Income in India

From Wikipedia, the free encyclopedia

India's per capita income (nominal) is $820, ranked 128th in the world, while its per capita (PPP) of US$3,700 is ranked 118th.

Although income inequality in India is relatively small (Gini coefficient: 32.5 in year 1999- 2000)[1] it has been increasing of late. Wealth distribution in India is fairly uneven, with the top 10% of income groups earning 33% of the income.[2] Despite significant economic progress, a quarter of the nation's population earns less than the government-specified poverty threshold of $0.40/day. 27.5% of the population was living below the poverty line in 2004–2005[3].

[edit] References

  1. ^ Fact Sheet: Gini Coefficient (PDF). Source: The World Bank (2004) and Census and Statistics Department (2002). Legislative Council Secretariat Hong Kong. Retrieved on 2007-08-01. “Note: The Gini coeffecient in this datasheet is calculated on a scale of 0 to 1 and not 0 to 100. Hence, on a scale of 100 India's Gini coeffecient (1999-2000) is 32.5 rather than 3.25”
  2. ^ "In Pictures – Middle Class, or Upper Class? ". India Together. Civil Society Information Exchange. August 2003
  3. ^ Poverty estimates for 2004-05, Planning commission, Government of India, March 2007.