Recently, a World Bank report ranked India fourth in the world for income equality with a Gini Index of 25.5. Only the Slovak Republic, Slovenia, and Belarus have better equality indicators. India’s Gini Index shows moderately low inequality, between 25 and 30. The Gini Index measures income, wealth, or consumption inequality, with 0 as perfect equality and 100 as maximum inequality. India’s Gini Index is lower than China at 35.7 and the United States at 41.8.
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