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:
Local government.
Explanation:
This can be defined as an administrative body for a small geographic area, a city, town or even a country. It is said to have emergency services just in case a person from that area or town has any dealings that has to bring him there; this may include health issues, administrative and issues that has to do with the law. In many cases as seen in our daily living, it has a specific control over their specific geographical region, and can not pass or enforce laws that will affect a wider area.
Answer:
freed African American slaves in the Confederate states
Explanation:
<u>mark me brainliest pls! im not from the US so I had to do some research :)</u>
Carl Rogers person-centered perspective held that people are primed to reach their potential and are basically good.
This person centered approach was developed by Carl Rogers. The idea came into existence in the 1950s.
The idea is that there is this tendency that people have to develop themselves. The person centered approach helps to put the perception of the client that needs therapy into central focus.
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