India Becomes Fourth 'Most Equal' Country Globally: World Bank

INEQUALITY IN India has come down significantly between 2011-12 and 2022-23, making it the fourth-most equal country globally, according to a World Bank report.

- PRESS TRUST OF INDIA

This is in addition to a sharp decrease in extreme poverty, which has dropped from 16.2% in 2011-12 to 2.3% in 2022-23, an official release said quoting World Bank data.

The government attributed the reduction in inequality to various initiatives and schemes pursued during the last decade. The only three countries which have a better Gini Index score, a measure of equality, are the Slovak Republic, Slovenia and Belarus.

India is much better placed than countries like China, the USA and the United Kingdom.

"India's Gini Index stands at 25.5, making it the fourth most equal country in the world, after the Slovak Republic, Slovenia and Belarus," the statement said.