Some other related findings<\/h5>\n![\"Inequality](\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2022\/05\/State-of-Inequality-in-India.png?resize=457%2C272&ssl=1\")
Source: Livemint<\/figcaption><\/figure>\nIncome inequality<\/strong>: As per the Periodic Labour Force Survey (PLFS) 2019-20, the top 1% earns almost thrice as much as the bottom 10%. The bottom 50% holds about 22% of the total income.<\/p>\nHealth schemes<\/strong>: 85.9% of people from rural areas and 80% from urban areas are not covered under health schemes. Further, household income and savings remain the chief financing source.<\/p>\nThe trend in poverty issues<\/strong>: World Bank says India has made progress in reducing poverty since the 2000s. The poverty headcount ratio as a percentage of the population has declined from 37.2% in 2004 to 13.6% in 2015. However, 176 million Indians were still below the poverty line.<\/p>\nSalary ceiling<\/strong>: Unlike the pre-reforms era when their return was limited to the ability of trade unions to negotiate. Economic liberalization removed the ceiling on salary, giving employees a chance to earn in proportion to their productivity. However, growing income inequality should worry if the rich become richer while the poor become poorer.<\/p>\nIncreased investments<\/strong>: investments rise with higher incomes. The surplus goes into savings, which, in turn, get transformed into increased investments for the economy through financial intermediaries.<\/p>\nSource:\u00a0<\/b>The post is based on the article \u201cWhat does India\u2019s inequality report card have to say?\u201d <\/b>published in Livemint <\/b>on 23rd May 2022.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
What is the News? Recently, the Economic Advisory Council to the Prime Minister(EAC-PM) has released the State of Inequality in India Report. About the State of Inequality in India Report and its findings Must read: State of Inequality in India Report Some other related findings Income inequality: As per the Periodic Labour Force Survey (PLFS)… Continue reading What does India\u2019s inequality report card have to say?<\/span><\/a><\/p>\n","protected":false},"author":10311,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[10501],"class_list":["post-186000","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-live-mint","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/186000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10311"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=186000"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/186000\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=186000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=186000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=186000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Income inequality<\/strong>: As per the Periodic Labour Force Survey (PLFS) 2019-20, the top 1% earns almost thrice as much as the bottom 10%. The bottom 50% holds about 22% of the total income.<\/p>\n Health schemes<\/strong>: 85.9% of people from rural areas and 80% from urban areas are not covered under health schemes. Further, household income and savings remain the chief financing source.<\/p>\n The trend in poverty issues<\/strong>: World Bank says India has made progress in reducing poverty since the 2000s. The poverty headcount ratio as a percentage of the population has declined from 37.2% in 2004 to 13.6% in 2015. However, 176 million Indians were still below the poverty line.<\/p>\n Salary ceiling<\/strong>: Unlike the pre-reforms era when their return was limited to the ability of trade unions to negotiate. Economic liberalization removed the ceiling on salary, giving employees a chance to earn in proportion to their productivity. However, growing income inequality should worry if the rich become richer while the poor become poorer.<\/p>\n Increased investments<\/strong>: investments rise with higher incomes. The surplus goes into savings, which, in turn, get transformed into increased investments for the economy through financial intermediaries.<\/p>\n Source:\u00a0<\/b>The post is based on the article \u201cWhat does India\u2019s inequality report card have to say?\u201d <\/b>published in Livemint <\/b>on 23rd May 2022.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? Recently, the Economic Advisory Council to the Prime Minister(EAC-PM) has released the State of Inequality in India Report. About the State of Inequality in India Report and its findings Must read: State of Inequality in India Report Some other related findings Income inequality: As per the Periodic Labour Force Survey (PLFS)… Continue reading What does India\u2019s inequality report card have to say?<\/span><\/a><\/p>\n","protected":false},"author":10311,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[10501],"class_list":["post-186000","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-live-mint","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/186000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10311"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=186000"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/186000\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=186000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=186000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=186000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}