India is suddenly in the news for all the wrong reasons. It is now hitting the headlines as one of the most unequal countries in the world, whether one measures inequality on the basis of income or wealth.
So how unequal is India? As the economist Branko Milanovic says: “The question is simple, the answer is not.” Based on the new India Human Development Survey (IHDS), which provides data on income inequality for the first time, India scores a level of income equality lower than Russia, the United States, China and Brazil, and more egalitarian than only South Africa.
According to a report by the Johannesburg-based company New World Wealth, India is the second-most unequal country globally, with millionaires controlling 54% of its wealth. With a total individual wealth of $5,600 billion, it’s among the 10 richest countries in the world – and yet the average Indian is relatively poor.
Compare this with Japan, the most equal country in the world, where according to the report millionaires control only 22% of total wealth.
In India, the richest 1% own 53% of the country’s wealth, according to the latest data from Credit Suisse. The richest 5% own 68.6%, while the top 10% have 76.3%. At the other end of the pyramid, the poorer half jostles for a mere 4.1% of national wealth.
What’s more, things are getting better for the rich. The Credit Suisse data shows that India’s richest 1% owned just 36.8% of the country’s wealth in 2000, while the share of the top 10% was 65.9%. Since then they have steadily increased their share of the pie. The share of the top 1% now exceeds 50%.
This is far ahead of the United States, where the richest 1% own 37.3% of total wealth. But India’s finest still have a long way to go before they match Russia, where the top 1% own a stupendous 70.3% of the country’s wealth.
Answer:
Depth perception
Explanation:
Depth perception can be defined as the ability to be able to see or view things visually through the use of three dimension which are the length, width and depth in which this dimension enable us to be conscious of the world and to judge how far the distance of an object is or are from someone.
Therefore Depth perception is a tool which gives the human eye's the ability to see things in three dimensions and judge the distance of an object.
Which is why when an infant are been coaxed by their mothers to crawl out onto the glass covering, most infants refused to do so, indicating that they had developed DEPTH PERCEPTION.
Okay I basically have to bring 2 nations together the freshianmen (25%) and the upperclassers(75%) and I have to unite them somehow Like what are some central forces that threaten to divide the state And what's types of devolutionary movements would anticipate the state
Remove the yellow leaves as they can spread to the other leaves
Answer:
Hey mate.....
Explanation:
This is ur answer.....
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<em> 1. Cerebrum</em></h3>
<em>2. Cerebellum </em>
<em>3. Medula ( Brain stem)</em>
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<em>The nervous system is the network of nerve cells and fibres which transmits nerve impulses between parts of the body. </em></h3>
Hope it helps!
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