Inequality in India is the highest in Asia

The chart, from the Credit Suisse Global Wealth report, compares the Gini coefficients of wealth inequality in India with that of other countries in the region


Photo: Mint
Photo: Mint

The Gini coefficient is a measure of inequality of income or wealth—zero denotes perfect equality, while 100 denotes perfect inequality, with all the wealth or income in the hands of one person. The chart, from the Credit Suisse Global Wealth report, compares the Gini coefficients of wealth inequality in India with that of other countries in the region.

As the chart shows, India’s wealth inequality is the highest in the region. Some of the countries that have even higher wealth inequality than India are Haiti, Papua New Guinea, Russia, Rwanda, Ukraine and Zambia.

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