• This forum contains old posts that have been closed. New threads and replies may not be made here. Please navigate to the relevant forum to create a new thread or post a reply.
  • Welcome to Tamil Brahmins forums.

    You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our Free Brahmin Community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

    If you have any problems with the registration process or your account login, please contact contact us.

Income distributions show how far India has to go to create even a global middle clas

Status
Not open for further replies.

prasad1

Active member
cea849906100a8ee0588a42b52e54515-730x430.png

[FONT=&quot]



[/FONT]
The top 1% of Indian adults, a rich enclave of 8 million inhabitants making at least $20,000 a year, equates to roughly Hong Kong in terms of population and average income.

The next 9% are like to central Europe, in the middle of the global wealth pack.
The next 40% of India’s population neatly mirrors its combined South Asian poor neighbors, Bangladesh and Pakistan.

The remaining half-billion or so are on a par with the most destitute bits of Africa.

The top 1% of earners pocketed nearly a third of all the extra income generated by economic growth between 1980 and 2014, according to new research from economists including Thomas Piketty. The well-off are ten times richer now than in 1980; those at the median have not even doubled their income. India has done a good job at getting those earning below $2 a day (at purchasing-power parity) to $3, but it has not matched other countries’ records in getting those on $3 a day to earning $5, those at $5 a day to $10, and so on. Middle earners in countries at India’s stage of development usually take more of the gains from growth. Eight in ten Indians cite inequality as a big problem, on a par with corruption.

https://www.nextbigfuture.com/2018/...-go-to-create-even-a-global-middle-class.html
 
Status
Not open for further replies.

Latest ads

Back
Top