India becomes fourth ‘most equal’ country globally, says World Bank report

India has emerged as the fourth most equal country globally, according to a recent World Bank report. The nation's Gini Index score, a measure of income inequality, stands at an impressive 25.5. This score places India just behind the Slovak Republic, Slovenia, and Belarus, indicating a significant achievement in income distribution and equality. The Gini Index, which ranges from 0 to 100, assesses the extent to which income distribution among individuals or households within an economy deviates from a perfectly equal distribution. India's score suggests a relatively balanced income distribution compared to many other countries, highlighting the effectiveness of its economic and social policies in addressing inequality. This achievement is particularly noteworthy given the country's vast population and diverse economic landscape. The report underscores the importance of continued efforts to maintain and improve this balance. As India continues to develop, maintaining equitable growth will be crucial in ensuring that the benefits of progress reach all segments of society. The World Bank's findings offer a valuable perspective on India's socioeconomic dynamics, providing a benchmark for future policy-making aimed at fostering inclusivity and reducing disparities.

— Authored by Next24 Live