{"id":53596,"date":"2025-07-06T17:21:22","date_gmt":"2025-07-06T11:51:22","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=53596"},"modified":"2025-07-07T17:33:24","modified_gmt":"2025-07-07T12:03:24","slug":"gini-index","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/gini-index\/","title":{"rendered":"Gini Index"},"content":{"rendered":"<h2><b>Gini Index Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">India has emerged as the world\u2019s fourth most equal society, with a Gini Index of 25.5, outpacing all G7 and G20 nations, according to the World Bank. <\/span><\/p>\n<h2><b>About Gini Index<\/b><\/h2>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The Gini index, also called the Gini coefficient or Gini ratio, <\/span><b>determines a nation&#8217;s level of income inequality<\/b><span style=\"font-weight: 400;\"> by <\/span><b>measuring the income distribution <\/b><span style=\"font-weight: 400;\">or wealth distribution <\/span><b>across its population.\u00a0<\/b><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The Gini index was <\/span><b>developed in 1912 by Italian statistician Corrado Gini.<\/b><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The coefficient of the Gini index <\/span><b>ranges from 0 (or 0%) to 1 (or 100%), <\/b><span style=\"font-weight: 400;\">with<\/span><b> 0 representing perfect equality and 1 representing perfect inequality.<\/b>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">To offer two hypothetical examples, if a nation were to have absolute income equality, with every person earning the same amount, its Gini score would be 0 (0%).\u00a0<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">On the other hand, if one person earned all the income in a nation and the rest earned zero, the Gini coefficient would be 1 (100%).\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Mathematically, the Gini coefficient is <\/span><b>defined based on the Lorenz curve.\u00a0<\/b>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The Lorenz curve <\/span><b>plots the percentiles of the population on the graph\u2019s horizontal axis<\/b> <b>according to income or wealth, <\/b><span style=\"font-weight: 400;\">whichever is being measured.\u00a0<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The <\/span><b>cumulative income <\/b><span style=\"font-weight: 400;\">or wealth <\/span><b>of the population is plotted on the vertical axis.<\/b><\/li>\n<\/ul>\n<\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The Gini index is <\/span><b>not an absolute measure of a country\u2019s income<\/b><span style=\"font-weight: 400;\"> or wealth. The coefficient only<\/span><b> measures the dispersion of income <\/b><span style=\"font-weight: 400;\">or wealth <\/span><b>within a population.<\/b><\/li>\n<li style=\"text-align: justify;\"><b>India\u2019s Gini Index:<\/b>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">According to the recent <\/span><b>World Bank report, India\u2019s Gini Index <\/b><span style=\"font-weight: 400;\">stands at <\/span><b>25.5, <\/b><span style=\"font-weight: 400;\">placing it as the <\/span><b>fourth most equal country globally,<\/b> <b>behind <\/b><span style=\"font-weight: 400;\">only the <\/span><b>Slovak Republic, Slovenia, and Belarus.\u00a0<\/b><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This performance not only <\/span><b>surpasses <\/b><span style=\"font-weight: 400;\">regional peers like <\/span><b>China<\/b><span style=\"font-weight: 400;\">, which holds a Gini score of 35.7, but also positions India <\/span><b>ahead of every G7 and G20 nation<\/b><span style=\"font-weight: 400;\"> in terms of income equality.<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-weight: 400;\">It marks a steady<\/span><b> improvement from<\/b><span style=\"font-weight: 400;\"> a Gini score of <\/span><b>28.8 in 2011<\/b><span style=\"font-weight: 400;\"> to 25.5 in 2022, signalling meaningful gains in bridging income gaps over the past decade.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>Source<\/b><span style=\"font-weight: 400;\">: <\/span><a href=\"https:\/\/www.businesstoday.in\/latest\/economy\/story\/india-ranks-as-the-worlds-4th-most-equal-society-says-world-bank-report-483243-2025-07-05\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">BT<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gini Index determines a nation&#8217;s level of income inequality by measuring the income distribution or wealth distribution across its population. <\/p>\n","protected":false},"author":23,"featured_media":53776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[1368,21,22,23],"class_list":{"0":"post-53596","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-gini-index","9":"tag-prelims-pointers","10":"tag-upsc-current-affairs","11":"tag-upsc-prelims-current-affairs","12":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/53596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=53596"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/53596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/53776"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=53596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=53596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=53596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}