The World Inequality Database Released; No Signs of Poverty Fading Reported

World Inequality Database reveals surging inequality across various continents.

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The World Inequality Database Released; No Signs of Poverty Fading Reported THE POLICY TIMES

Despite being one of the fastest progressing countries, India is one of the most unequal countries. A sharp in inequality has been witnessed in the last three decades. The richest have captured a huge part of the wealth created through crony capitalism and inheritance.

World Inequality database

A database was extracted covering almost 173 nations by the World Inequality Lab and its international network of researchers, in collaboration with the United Nations. Although China and India followed similar inequality pathways between 1990 and 2000s, a slight difference was observed in the report.   China could be seen to stabilize its inequality levels while India’s inequality levels continued to rise. Across the globe, the Middle East and Latin America suffer from the worst inequality levels. Africa comes next in the series followed by European states being the least unequal of all regions.

Also Read:  Nutrition Security to be the Key Priority to Alleviate Poverty in India

Health care: A luxury of the riches

While the Indian government taxes its wealthiest citizens; its spending on public healthcare ranks among the lowest in the world. As a result, decent healthcare is a luxury only available to those who have money. While the country is a top destination for medical tourism, the poorest Indian states have infant mortality rates higher than those in sub-Saharan Africa.

TPT Policy Advocacy & Recommendations

  • Despite all the national policies the rich become richer and the poor sore in a dearth. Out of the total population of India, the benchmark population, Below the Poverty Line contributes majorly to the economic status globally. The system focuses on capturing poverty by looking at the per capita consumption as an overall representation. Although measures have been implied, despite a reduction in the numbers, the gap of inequality has actually increased.
  • The BPL schemes do not cover families that are affected by violence and crime and afflicted by conditions like HIV and leprosy. These families are struggling to make ends meet but do not receive benefits of the BPL due to the criteria of the BPL. The Indian system needs to curate a holistic approach to bridge the gap.
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The World Inequality Database Released; No Signs of Poverty Fading Reported
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World Inequality Database reveals surging inequality across various continents.
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THE POLICY TIMES
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