India has achieved significant progress in income equality, ranking fourth globally with a Gini Index of 25.5, according to the latest World Bank data. The country’s success is attributed to robust poverty reduction and inclusive financial policies.
Income EqualityGini IndexPoverty ReductionFinancial InclusionSocial WelfareReal EstateJul 06, 2025
The Gini Index is a measure of income distribution within a country, where 0 represents perfect equality and 100 denotes maximum inequality. It helps in understanding how evenly income is distributed among the population.
India's Gini Index has improved from 28.8 in 2011 to 25.5 in the latest World Bank data, reflecting steady progress in equitable growth and poverty reduction.
Key government initiatives include PM Jan Dhan Yojana for financial inclusion, the Aadhaar digital ID system for welfare delivery, and various poverty reduction programs.
The poverty rate in India has fallen sharply from 16.2 per cent in 2011 to just 2.3 per cent in 2023, based on the USD 2.15 per day global poverty threshold.
India ranks fourth globally in income equality, ahead of advanced economies like China (35.7), the United States (41.8), and all G7 and G20 countries.
Mumbai's first underground metro project gets a boost with JICA's loan for 27 stations, connecting 6 business districts and more.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) is set to launch a new website, MahaCRITI, to facilitate easy navigation and user-friendliness for all real estate stakeholders.
The recent auction of plots by CIDCO in Navi Mumbai has seen a lukewarm response, with only 15 of the 47 plots receiving the necessary bids. Developers cite high base rates as a deterrent, but CIDCO remains optimistic about the market's potential.
The real estate industry is poised to benefit from the recent repo rate cut by the Reserve Bank of India (RBI). However, experts predict that the impact will take around two to three months to materialize fully.
Buying land can be a lucrative investment, but it also comes with significant risks. Learn how to avoid common scams and legal pitfalls to ensure your investment is secure.
Shiv Sena workers stormed and vandalized Mumbai's Habitat Country Club in response to controversial remarks made by comedian Kunal Kamra. The incident highlights the tension between political parties and the entertainment industry in India.