India beats US, China, G7 & G20 nations to become one of the world's most equal societies: Here's what World Bank says
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India has been ranked as one of the most equal countries globally when it comes to income, according to the latest data released by the World Bank. With a Gini Index of 25.5, India now stands fourth in the world for income equality, behind only the Slovak Republic, Slovenia, and Belarus.The Gini Index measures how income is distributed in a country. A score of 0 means perfect equality, while 100 means maximum inequality. India's new score places it ahead of developed countries like China (35.7) and the United States (41.8), as well as all G7 and G20 nations. Back in 2011, India's Gini Index was 28.8, showing steady improvement over the years.The Ministry of Social Welfare said in a statement, 'This shows how India's growth is being shared more fairly among its people. The government has focused on reducing poverty, increasing financial access, and giving welfare help directly to those who need it.'From 2011 to 2023, 171 million Indians moved out of extreme poverty, as per the World Bank's Spring 2025 Poverty and Equity Brief. The extreme poverty rate dropped from 16.2% to just 2.3%, based on the global poverty line of USD 2.15 per day.Key government schemes making a difference:
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