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:
more than 80 percent
Explanation:
Heroin is a type of opioid drug which is made from a natural substance called the morphine taken from the opium poppy plants. It can be in the form of white powder or black sticky tar. It is an highly addictive drug and is illegal to consume sell or produce this drug.
In the context, a man who is a drug addicted has consumed ten bags of the drug heroin for the last 16 years. There is only a sober period of three months in jail. And now he wants to refuse the addiction treatment. Though he plans to self taper off heroin, his chance of relapsing is more than 80 percent over the next twelve months.
Answer: Gender reassignment
If the case of David Reimer is followed, surgery could be performed to reassign the baby boy's gender as a girl and raised that way.
This solution is not foolproof because psychological problems could develop as the child grows into adulthood.
A. less for a poor person than it is for an average income person
