Two sides of India!!

Описание: Do you also feel the same?
That your financial condition isn’t improving- you can’t save, can’t afford a house, and expenses keep rising?
If yes, watch the whole video to know why.
Quick correction in the video: I misspoke when I said ‘Top % holds 40% of the income.’ It should be wealth, not income.
For better understanding, let’s talk about the Gini coefficient.
The Gini coefficient (Gini index or Gini ratio) is a measure of economic inequality.
It shows how income or wealth is distributed among a population.
→ A value of 0 means perfect equality
→ A value of 1 means perfect inequality
Now, the Gini coefficient can be calculated in two ways:
Income-based → looks at inequality in how much people earn.
Consumption-based → looks at inequality in how much people spend.
Through income, India’s Gini coefficient is 82.3.
Through consumption, it is only 25.5.
Why such a big gap?
Because the consumption method measures spending, not wealth. Rich people save a large part of their income, so the spending gap looks smaller than the income gap. This underestimates the inequality in the country.

[Anushka Rathod, Finance, Income, India, Inequality, Wealth]
#anushkarathod #finance #income #india #inequality #wealth