poverty in india: Poverty in numbers: What does the data tell us?

It is crucial to realise that social protection programs should not be seen as one-size-fits-all but take account of the socio-economic contexts of all vulnerable groups.

Synopsis

As per the World Inequality Report, the top 10% and the top 1% in India still control 57% and 22% of the national wealth, while the bottom 50% hold an abysmal 13%. The measures of the Gini Coefficient for India in 2020, as per the Credit Suisse Global Wealth Report 2021, stood at 82.3, indicating rising inequality in the country.

Any conversation on poverty and inequality reveals to us the disproportionate impact the pandemic has had on people’s lives in the last two years. It is easy to discern that the virus exacerbated the existing inequalities and limited the results of social protection systems across the world. When the normalisation of inequality guides our narratives, any mechanism towards social security will fall short of achieving its actual goals. Inequality

BY

Amit Kapoor and Jessica Duggal

ET CONTRIBUTORS

Feb 12, 2022, 10:08 PM IST

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