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.
This was to provide England a safeguard from the
expansionist plans of Spain as claimed Florida for its colony. They were given free rein to do develop the
colony but at the same be responsible for governing it. Eventually Carolina was divided into North
and South and both became British colonies.
<u>Answer:
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Dr. Smith believes that the ability to perceive the world in a competent, organized way is innate. Dr. Smith seems to uphold the nativist view.
<u>Explanation:
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- The nativist view held by Dr. Smith tends him to believe that the very nature of human beings to look at the world as being organized in a disciplined manner comes from within.
- He justifies the competent behavior exhibited by humans by referring to the internal belief of the humans that makes them keep the world organized.
The correct answer is The most increased level of protection
Is A Department of Defense against terrorist attacks.
The answer is subconscious. It is because our subconscious is the part of the mind in every individual in which a person is not fully aware of all the things around him or her but in a way these influences other people without knowing it and the defense mechanism are the one responsible for protecting an individual in things that may affect the person without knowing it such as his or her feelings.
