
India stands out as a poor and very unequal country, with an affluent elite.
The average national income of the Indian adult population is INR204,200.
While the bottom 50% earns INR53,610,
the top 10% earns more than 20 times more INR1,166,520.
While the top 10% and top 1% hold respectively 57% and 22% of total national income,
the bottom 50% share has gone down to 13%.
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Source: Extract from World Inequality Report 2022 - www.wir2022.wid.world
Data Visualisation Source - www.instagram.com/statsofindia.in
Because a large community is unemployed. Like:- u.p, bihar. All sector.
Despite various policy initiatives, we still fails to stand out in affluent category.We as a nation thinks of the development but never thought of the permanent solution to poverty. The crux of all development bottleneck lies in economic development with careful pampering of political motives .In other words education could bring the lasting changes but at the cost of political vote bank.
@jimmy.arujo That would be the ultimate question. "What is happiness". Many thinkers, philosophers, psychologists and saints, have tried to explain this. You are absolutely right, The person can be anywhere on the graph, top 10 percent, the bottom 10 percent or even bottom 1 percent and still be happy. It is the state of mind isn't it. Unfortunately there is a modern study on happiness ranking too.
I came across The World Happiness Report (a publication of the Sustainable Development Solutions Network, powered by the Gallup World Poll data) Based on wide variety of data and samples. Log GDP per capita, Social support, Healthy life expectancy at birth, Freedom to make life choices, Generosity, Perceptions of corruption.
Out of study made on 146 countries, Guess what is India's rank! Check for yourself below...
Ranking of Happiness 2019 - 2021
Source: www.worldhappiness.report
These figures show a great divide between being well-to-do and being hand-to-mouth. However, the more that research is done into this subject, another interesting insight spills out: that being rich is not necessarily being happy. Quite often, more people below the poverty line live a more contented life than those who live in flats, villas and palaces.
🤔 Wo! Looks like a very serious subject.
I am sure it means something, but I think I am not so clever to understand the numbers (Hence I don't even have a bank account anywhere in this part of the world - zero assets in my ).
I guess, 0.001% people like me are poor by their own will. 😬
@norms4u Like your point of view. Empowering the marginalised population with employment and creating a self sustaining ecosystem will definetly increase their buying power which will in turn make the country stronger and obviously the top 10 percent will get stronger too. Which might even solve other problem of rich leaving the country with their wealth.
Well although it's a food for thought, it's definitely not something we are unaware of. The visible divide between the rich and the ones below in India is pretty much evident to the world. Having said that, being rich is definitely not a problem as if taken positively it could serve as a boon to get the ones below out of the poverty line.
As much as we as citizens blame the govt. for mismagement and one that lacks a will to do something for the poor and downtrodden, we should also realise that if a conscious effort is made by these top 10 percent of individuals belonging to the elite class, it would for sure be possible to make some change.
Need not necessarily mean direct monetary help to the one below but in terms of employment and education. these two tools will ensure that these lesser privileged class can be self reliant and come out of their darkness and satisfy their basic needs and gradually their wants too which inturn will be great for the national economy at large. The more the buying power that the bottom ones have the better it is for the economy and hence I personally feel the govt. and the top 10 percent as you have rightly mentioned should concentrate on providing these two major tools of Eductaion and employment to the ones at the bottom and we would surely be on track towards getting a better balance between the classes in the future.
Discipline, quality, time management, complacency are some of the reasons
Very good initiative