Question : Which country has the highest income inequality as measured by the Gini coefficient?
Option 1: India
Option 2: Pakistan
Option 3: China
Option 4: Cannot be determined
Answer (1)
26th Jan, 2024
Correct Answer: India
Solution :
The answer is (a) India.
According to the World Bank, India has a Gini coefficient of 0.476 , which is the highest of any country in the world. This means that income is distributed very
unequally in India, with the richest 10 % of the population taking home more than 40 % of the country's income. Pakistan's Gini coefficient is 0.417 , China's is 0.462 , and the global average is 0.39 . So, India has the highest income inequality as measured by the Gini coefficient.
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