India income inequality doubles in 20 years, says OECD
Inequality in earnings has doubled in India over the past two decades,
a new report says, making it one of the worst performers among
emerging economies.
The Organisation for Economic Cooperation and Development (OECD) says
the top 10% of wage-earners make 12 times more than the bottom 10%,
compared to six times 20 years ago.
The OECD says India has the highest number of poor in the world.Some
42% of its 1.21 billion people live on less than $1.25 a day.
Poverty line
"Brazil, Indonesia and, on some indicators, Argentina have recorded
significant progress in reducing inequality over the past 20 years,"
the report, entitled Divided We Stand: Why Inequality Keeps Rising,
says.
"By contrast, China, India, the Russian Federation and South Africa
have all become less equal over time."
In India, the report says, the ratio between the top and the bottom
wage-earners has doubled since the early 1990s.India has also not
fared well in poverty reduction, the report says.It says 42% of
Indians live below the poverty line, as against the official Indian
figure of 37%.
The Paris-based OECD is a grouping of 34 advanced and emerging
economies.Recently, the Indian government was criticised for saying
that an individual income of 25 rupees (52 US cents) a day would help
provide for adequate "private expenditure on food, education and
health" in villages.
In cities, it said, individual earnings of 32 rupees a day (66 US
cents) were adequate.Many experts said the income limit to define the
poor was too low and aimed at artificially reducing the number of
people below the poverty line.
A World Bank report in May said attempts by the Indian government to
combat poverty were not working.It said aid programmes were beset by
corruption, bad administration and under-payments.
http://www.bbc.co.uk/news/world-asia-india-16064321
http://articles.economictimes.indiatimes.com/2011-12-05/news/30477784_1_oecd-region-inequality-cent-of-global-output
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