RBI Grade BNABARD ESISEBI
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What is Income Inequality
“RBI MPC Unpacked: Key Theory Meets Today’s Macro Trends”Tap to play · from the C4S channel
Income inequality is the uneven distribution of income across a population. It’s a concern in many countries around the world, and it’s often accompanied by wealth inequality, which is the uneven distribution of wealth.
Gini Coefficient
The Gini coefficient is a number between 0 and 1 or 100.
- 0 signifies perfect equality.
- 1 or 100 implies perfect inequality.
- India’s Point:
- 37.06 (2022)
