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Income inequality: Where does India stand globally?

Last updated on: October 14, 2011 11:09 IST

Income inequality: Where does India stand globally?

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With India witnessing massive economic growth, there is a feeling that the gap between the rich and the poor is getting increasingly bigger.

While it is true that the rich are getting richer, is the problem of income inequality any better in India compared to other countries, such as the United States?

Let us have a look at 22 selected countries and see how India performs when it comes to income inequality.

The degree of income inequality in India can be compared to that in other countries on the basis of the Gini coefficient, a mathematical ratio that allows economists to put all countries on a scale with values that range (hypothetically) from zero (everyone in the country has the same income) to 100 (one person in the country has all the income).

The countries are ranked out of 134 nations, as the rest of the countries are either very small and/or very poor.

Click NEXT to see India's ranking...


Image: Let us see how India performs when it comes to income inequality.

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India

Gini Coefficient: 36.8

World ranking: 56

Note: These figures reflect family/household income, not individual income.

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Image: India is ranked 56.

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Sweden

Gini Coefficient: 23.0

World ranking: 1

Note: These figures reflect family/household income, not individual income

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Image: Sweden performs best when it comes to income equality.

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Norway

Gini Coefficient: 25.0

World ranking: 2

Note: These figures reflect family/household income, not individual income.

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Image: Norway is at number two.

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Austria

Gini Coefficient: 26.0

World ranking: 8

Note: These figures reflect family/household income, not individual income.

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Image: Austria is ranked eight.

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Germany

Gini Coefficient: 27.0

World ranking: 10

Note: These figures reflect family/household income, not individual income.

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Image: Germany has a Gini Coefficient of 27.0.

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Denmark

Gini Coefficient: 29.0

World ranking: 17

Note: These figures reflect family/household income, not individual income.

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Image: Denmark is ranked 17.

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Australia

Gini Coefficient: 30.5

World ranking: 25

Note: These figures reflect family/household income, not individual income.

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Image: Australia has a Gini Coefficient of 30.5.

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Italy

Gini Coefficient: 32.0

World ranking: 34

Note: These figures reflect family/household income, not individual income.

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Image: Italy is ranked 34.

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Canada

Gini Coefficient: 32.1

World ranking: 35

Note: These figures reflect family/household income, not individual income.

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Image: Canada has a Gini Coefficient of 32.1.

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France

Gini Coefficient: 32.7

World ranking: 37

Note: These figures reflect family/household income, not individual income.

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Image: France is ranked 37.

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Switzerland

Gini Coefficient: 33.7

World ranking: 42

Note: These figures reflect family/household income, not individual income.

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Image: Switzerland is ranked 42.

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The United Kingdom

Gini Coefficient: 34.0

World ranking: 43

Note: These figures reflect family/household income, not individual income.

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Image: The UK has a Gini Coefficient of 34.0.

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Japan

Gini Coefficient: 38.1

World ranking: 61

Note: These figures reflect family/household income, not individual income.

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Image: Japan is ranked 61.

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China

Gini Coefficient: 41.5

World ranking: 81

Note: These figures reflect family/household income, not individual income.

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Image: China has a Gini Coefficient of 41.5.

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Russia

Gini Coefficient: 42.3

World ranking: 82

Note: These figures reflect family/household income, not individual income.

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Image: Russia is ranked 82.

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The United States

Gini Coefficient: 45.0

World ranking: 93

Note: These figures reflect family/household income, not individual income.

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Image: The US is ranked 93.

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Mexico

Gini Coefficient: 48.2

World ranking: 107

Note: These figures reflect family/household income, not individual income.

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Image: Mexico has a Gini Coefficient of 48.2.

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Brazil

Gini Coefficient: 56.7

World ranking: 125

Note: These figures reflect family/household income, not individual income.

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Image: Brazil is ranked 125.

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South Africa

Gini Coefficient: 65.0

World ranking: 133

Note: These figures reflect family/household income, not individual income.


Image: South Africa is ranked 133.

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