India is now one of the most equal countries in terms of income, according to the latest World Bank report. It ranks 4th in the world for income equality, with a Gini Index score of 25.5. A lower Gini Index means income is more equally shared among people.
This score is better than big economies like the United States (41.8) and China (35.7). Only Slovak Republic, Slovenia, and Belarus are ahead of India.
The Indian government says this shows that economic progress is reaching more people, not just the rich. Key efforts like reducing poverty, improving financial access, and giving direct support to those in need have helped achieve this.
Major Achievements:
- India’s Gini score improved from 28.8 in 2011 to 25.5 now.
- 171 million people in India moved out of extreme poverty between 2011 and 2023.
- Poverty rate dropped from 16.2% to just 2.3%.
Government Schemes That Helped:
- PM Jan Dhan Yojana: Over 55 crore people opened bank accounts.
- Aadhaar: Over 142 crore people have a digital ID, helping the government give benefits directly and save over ₹3.48 lakh crore.
- Ayushman Bharat: Gave Rs 5 lakh health insurance to families and issued 41 crore cards.
- Stand-Up India: Supports SC/ST and women entrepreneurs.
- PM Vishwakarma Yojana: Helps artisans and craftsmen with training and loans.
- PMGKAY (Food Security Program): Supports over 80 crore people with free food grains.
Thanks to these efforts, India is now among the top countries in the world where income is shared more equally, helping to build a stronger and fairer society.
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