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.
The correct answer is letter B.
Explanation: In this case the most accurate answer is 24 hours because the others not match with the experiment.
Answer:
D
Explanation:
The state that appoints the book is in charge of the local education system, so It is critical for the state officials to choose the best, most accurate textbooks to make sure their students are learning correctly.
Answer:
Activity theory is associated with the symbolic-interventionist perspective. In contrast to the functionalist perspective, this theory focuses on the needs of the elderly themselves, rather than on the needs of society.
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Explanation:
Answer:
Then Lawrence is studying Karen Horney.
Explanation:
- Karen Horney practiced later in his career as a psychoanalyst in the US.
- Sexuality and instinct orientation theories being the center of her argument, she questioned a number of the traditional views of the Freudian.
- Karen horney takes the credit as the founder of feminist psychology when he made response to the idea of Sigmund Freud based on his theory of penis envy.
