India the Second Most ‘Unequal’ Country in the World: Gini Index


After Russia India becomes the second most “unequal” country in the world, with more than half of total Indian wealth controlled by millionaires according to the report of Johannesburg-based wealth research firm New World Wealth.

  • 54% of India’s wealth is controlled by millionaires. Whereas Russia is the first unequal country with 62% of the total nation controlled by millionaires
  • India belongs to the list of 10 richest countries in the world with a total individual wealth of $5,600 billion but the average Indian is quite poor.
  • This report  has measured all the aspects of person such as:
  • Property
  • Cash
  • Equities
  • Business interests
The most unequal regions in the world

The most unequal regions in the world

The most unequal regions in the world

Other Countries:

  1. Japan is the most “equal” courtly with only 22% of total wealth controlled by millionaires.
  2. US is surprisingly “equal” with 32% of total wealth of nation.
  3. Britain is “equal” with 35% of total wealth of nation.
  • Along with this Russia has also topped index of proportion of a country’s wealth held by billionaires with 26% wealth held by ballooners.
  • And Japan also survives in this index as “equal” with only 3% billionaire controlling the wealth of country.

About Gini Index

  • The Gini coefficient or Index measured statistical dispersion intended of the income distribution of a nation’s residents (or measure of inequality).
  • Italian statistician and sociologist Corrado Gini developed Index annually.

How Gini Index measures

  • Zero = Perfect Equality
  •  same values=  Same Income of Every Person of nation
  • 1 = Maximal Inequality

- Published/Last Modified on: September 8, 2016