Income Disparity In India

Income disparity declines 74.2% among those earning up to Rs 5 lakh: Study

There has been a cumulative 74.2 per cent decline in income disparity coverage for those earning up to Rs 5 lakh annually between fiscal years 2013-14 and 2022-23, said a State Bank of India (SBI) report on Friday. To paraphrase the "often myth of worsening inequality" in India, the research report from the Economic Department of SBI has analysed the income disparity curves of assessment years (AY) 2014-15/FY14 and AY24/FY23. A comparison of disparity in income during AY15 and AY24 shows that there is a clear rightward shift in the income distribution curve, signifying people in lower income brackets are increasing their income to converge towards their share in population, it said. "Our analysis shows that there has been a cumulative 74.2% decline in income disparity coverage for those earning up to Rs 5 lakh. This shows the continuous efforts of Govt are reaching the bottom of pyramid that is leading to increase in income of 'lower income group' people," said the report titled 'H

'Discontents' notwithstanding, India has done well in last quarter century

While India should be concerned about disparities, the fact is that whereas three decades ago about half the people had incomes greater than $2.15 a day, today seven out of eight do, writes T N Ninan

Around 62% employers intend to hire women in stem roles, says study

The study is based on a survey of 250 employers and 500 employees of organisations from 12 sectors conducted by digital talent company NLB Services and NTT DATA

Improvement in access to essentials but disparities continue: Eco Survey

Appropriate strategy needs to be designed for the country to achieve SDG goals by 2030, according to the Economic Survey 2020-21

NSO's junked consumer expenditure survey shows inequality gap declining

Ratio of top and bottom 10% declined sharply to 5% in 2017-18 from 5.9% in 2011-12 in rural areas

Income distribution: Recent developments

No better, though pace of worsening has reduced at the top

Income inequality: In India, a CEO earns 416 times more than his employee

The seriousness of India's commitment to end income disparity has been ranked 132nd out of 152 nations