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.
Which of the following will most likely be prescribed for her? C. Melatonin.
Explanation:
Melatonin is a hormone that is involved in the natural sleep cycle. We can find it in our blood, it's levels are higher during the night and is produced by the <em>pineal gland</em> located in the brain.
It is used to treat sleeping disorders such as insomnia or in this particular <em>Fatema's example</em>, <em>jet lag</em>, which is a time zone desynchronization as a result of traveling to different time zones in short periods of time.
In The City Is So Big poem, things were happening in an abnormal ways (strange manner). in stanza 3, machines eating houses and stairways were walking all by themselves and due to all these, people could not bear the ugly incidences happening again and to avoid further incidence they disappear through the elevator doors.
After Christopher Columbus reached the shores of a new continent he was convinced that he reached shores of India. But many explorers doubt this. Among them was Amerigo Vespucci. He was convinced that Columbus reached a new continent, unknown to Europeans, not India. Therefore he traveled on his own across Atlantic Ocean in 1497. He reached the shores of todays Brazil. He realized that he reached the shores of a territory unknown to Europeans, which he named New World. In respect to Vespucci's achievement the whole continent was named after him - America.
