 "The latest HCES shows consumption inequality has declined in India. Does that mean income inequality has declined as well? slums poverty")
The household consumption expenditure survey (HCES), released by the National Statistical Office (NSO) after a gap of 11 years, reveals that the value of Gini Coefficient for consumption expenditure in the country declined from 0.283 in 2011-12 to 0.266 in 2022-23 for rural areas, and from 0.363 to 0.314 for urban areas.
Developed by Italian statistician Corrado Gini, the coefficient has been a measure of income inequality in an economy for more than a century. It measures inequality on a scale of 0 to 1, with higher values indicating higher inequality. This can sometimes be shown as a percentage from 0
