Income in India


Income in India

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)cite web |url= http://www.legco.gov.hk/yr04-05/english/sec/library/0405fs07e.pdf|title= Fact Sheet: Gini Coefficient|accessdate=2007-08-01|work=Source: The World Bank (2004) and Census and Statistics Department (2002)|publisher=Legislative Council Secretariat Hong Kong|quote= 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|format=PDF] 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. [http://www.indiatogether.org/photo/2003/class.htm "In Pictures – Middle Class, or Upper Class? "] . "India Together". Civil Society Information Exchange. August 2003] 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 [ [http://www.planningcommission.gov.in/news/prmar07.pdf Poverty estimates for 2004-05] , Planning commission, Government of India, March 2007.] .

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