India ranks 4th globally in income equality, shows World Bank data

World Bank data reveals India ranks fourth globally in income equality, boasting a Gini Index of 25.5 in 2022. This places India ahead of China, the United States, and many G7 and G20 nations. The country's Gini Index improved from 28.8 in 2011, reflecting progress in combining economic growth with social equity, lifting 171 million out of extreme poverty.