City
Epaper

India ranks among top world's most equal societies: World Bank report

By ANI | Updated: July 5, 2025 16:28 IST

New Delhi [India], July 5 : India has emerged as one of the most equal societies globally, with a ...

Open in App

New Delhi [India], July 5 : India has emerged as one of the most equal societies globally, with a Gini Index of 25.5, according to the latest data from the World Bank.

Ranking fourth worldwide in income equality, India now stands just behind the Slovak Republic, Slovenia, and Belarus.

"It reflects how India's economic progress is being shared more evenly across its population. Behind this success is a consistent policy focus on reducing poverty, expanding financial access, and delivering welfare support directly to those who need it most," a release from the Social Welfare said.

The Gini Index, a key measure of income distribution where 0 represents perfect equality and 100 denotes maximum inequality, places India ahead of advanced economies, including China (35.7), the United States (41.8), and all G7 and G20 countries. India's score has improved from 28.8 in 2011, reflecting steady progress in equitable growth.

The country's strong performance in reducing poverty has played a central role in achieving greater equality. The World Bank's Spring 2025 Poverty and Equity Brief reports that 171 million Indians were lifted out of extreme poverty between 2011 and 2023. The poverty rate fell sharply from 16.2 per cent to just 2.3 per cent during this period, based on the USD 2.15 per day global poverty threshold.

The release also highlights upon, government initiatives have underpinned this transformation. Flagship programs like PM Jan Dhan Yojana have expanded financial inclusion, with over 55 crore bank accounts. Aadhaar, India's digital ID system, now covers more than 142 crore individuals, streamlining welfare delivery through Direct Benefit Transfers, which saved Rs 3.48 lakh crore by March 2023.

Healthcare equity has also improved through Ayushman Bharat, which provides Rs 5 lakh health coverage to families and has issued over 41 crore cards. The Stand-Up India scheme supports SC/ST and women entrepreneurs, while the PM Vishwakarma Yojana backs artisans with loans and training. PMGKAY, India's food security scheme, has benefited over 80 crore citizens, it added.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalEx-Japan PM calls for Seoul-Tokyo cooperation at UN level to help reopen Strait of Hormuz

InternationalKidnapped US journalist freed in Iraq, US Secy of State

International"US-Iran deal brokered by state sponsor of terror unusual": former US Treasury counterterrorism analyst

InternationalUS Achieved All Military Objectives in Operation Epic Fury Against Iran, Says White House Press Secretary Karoline Leavitt

NationalAIADMK candidate Rajan Chellappa promises financial assistance schemes for every household ahead of Tamil Nadu Assembly elections 2026

Business Realted Stories

BusinessAsian markets surge, oil slumps as US and Iran agree to two-week ceasefire

BusinessAdani moves US court to dismiss SEC charges, calls case legally unsustainable

BusinessAdani tells US judge to dismiss SEC fraud suit against him as case 'legally flawed'

BusinessMaha Minister stresses safety, verification of gig workers

BusinessDelhi govt doubles gas cylinders for migrant labourers to 1,368 cylinders