Income Inequality Current Affairs, GK & News
The State Bank of India published its Ecowrap report on Income Inequality in India. Findings of the report According to Ecowrap report, income inequality in India has been declining since Financial Year 2017. India also did well during covid-19 pandemic, with respect to navigating income shocks across population. There is a progressive growth in output, ..
Month: Current Affairs - June, 2022
According to Oxfam India “Inequality Kills” report, wealth of India’s richest families reached to a record high in 2021. Key findings of report Report states that, 84 per cent of Indian households witnessed an income decline amid covid-19 pandemic. Richest 98 Indians own the same wealth as bottom 552 million people. Number of Indian billionaires increased ..
France-based World Inequality Lab published its report titled “World Inequality Report 2022”. Highlights This report was authored by Lucas Chancel, who is the co-director of World Inequality Lab. It was coordinated by famed French economist Thomas Piketty. Key Findings of the report Report notes that, top 1 % of the India’s population owns more than ..
Category: Reports & Indexes Current Affairs
A global report by the UN arm International Labour Organisation (ILO) which covered 189 countries makes the following observations: The top 10 per cent earners made a little under half of the total income of 2017, whereas the lowest-paid 30 per cent of workers earned less than 2 per cent. On average, the bottom 10 ..