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.
Because scientists want proof and facts. Also the very thought that we are on floating plates is a strange thought, in fact the original idea was mocked.
This is known simply as real culture. It is the cultural norms and behaviors that people <em>actually</em> follow in <em>real</em> life.
Answer:
he was showing how the decision didn't have a large sucsess rate.
Explanation:
disclamer: I have no idea what this is about, but I can analyze the cartoon.
the instability and lack of support showed that the desicion was not the solidest ever made. there were no other supports, showing that is anyone wanted to they could destroy the log and the money as well would fall
Answer: Serotonin is likely in short supply
Explanation: serotonin is a neurotransmitter produced by nerve cells that is involved in depression, appetite, and is crucial in maintaining a sense of well-being, security, etc. It is called the happy chemical because of it involvement in making one happy. An imbalance influences the mood of an individual.
