NEW DELHI: India ranks fourth globally in revenue equality after the Slovak Republic, Slovenia and Belarus, making it one of the vital equal societies, newest World Financial institution knowledge has proven.“In response to the newest World Financial institution knowledge, India’s Gini Index stands at 25.5. This locations India among the many most equal nations on the earth in relative phrases. India’s rating is way decrease than China’s 35.7 and much decrease than the US, which stands at 41.8. It is usually extra equal than each G7 and G20 nation, lots of that are thought of superior economies,” stated a govt be aware citing knowledge from the multilateral company.It stated that India falls into the “reasonably low” inequality class, which incorporates Gini scores between 25 and 30, and is just a fraction away from becoming a member of the “low inequality” group, which incorporates nations just like the Slovak Republic with a rating of 24.1, Slovenia at 24.3, and Belarus at 24.4.“Aside from these three, India has a greater rating than the entire different 167 nations for which the World Financial institution has launched knowledge,” stated the be aware from the social welfare division.Globally, simply 30 nations fall into the “reasonably low” inequality class. together with a number of European nations with robust welfare programs. These embrace Iceland, Norway, Finland, and Belgium. It additionally consists of rising economies like Poland and rich nations just like the United Arab Emirates.“India’s journey in the direction of a extra equal society is mirrored in its Gini Index over time. The index was measured at 28.8 in 2011, and reached 25.5 in 2022. This regular shift reveals that India has made constant progress in combining financial development with social fairness,” stated the be aware.Stating that India’s robust standing on the Gini Index just isn’t a coincidence, the be aware stated it’s intently linked to the nation’s sustained success in decreasing poverty throughout each rural and concrete areas..In response to a World Financial institution report, 171 million Indians have been lifted out of utmost poverty over the previous decade. The share of individuals dwelling on lower than 2.15 US {dollars} a day, which was the worldwide threshold for excessive poverty until June 2025, fell sharply from 16.2% in 2011-12 to only 2.3% in 2022-23. Underneath World Financial institution’s revised excessive poverty threshold of $3.00 per day, the 2022-23 poverty charge can be adjusted to five.3%.The Gini Index measures how equally revenue, wealth or consumption is distributed throughout households or people in a rustic. It ranges in worth from 0 to 100. A rating of 0 means good equality. A rating of 100 means one individual has all of the revenue, wealth or consumption and others have none, therefore absolute inequality. The upper the Gini Index the extra unequal the nation, the assertion stated detailing the rating methodology.