State of Inequality in India Report was Released by the Chairman of Economic Advisory Council to the PM

INDEX / REPORTS

The ‘State of Inequality in India Report’, the holistic analysis of the depth and nature of inequality in India was released by the Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM). It was prepared by the ‘Institute for Competitiveness’.

The report is a compilation of inequities across sectors of health, education, household characteristics, and the labor market which makes the population more vulnerable and triggers a descent into multidimensional poverty.

With a focus on five key areas, the report is subdivided into two partsEconomic Facets and Socio-Economic Manifestation. The selected five key areas are income distribution, labor market dynamics, health, education, and household characteristics.

The released report is based on the data derived from various rounds of the Periodic Labour Force Survey (PLFS), National Family and Health Survey (NFHS), and United Information System for Education Plus.

As per the report, 

  • Wealth concentration - 44.4% in urban areas and 7.1% in rural areas.
  • The unemployment rate - 4.8% (2019-20).
  • The worker population ratio - is 46.8%.
  • The total health centers in 2020 stand at 1,85,505 raised from 1,72,608 total health centers in 2005.
  • The Gross Enrolment Ratio has also increased between 2018-19 and 2019-20 at the primary, upper primary, secondary, and higher secondary.
  • The top 10% of the wealthiest person earns approximately equal to the bottom 64% of the population. The top 10 account for one-third of the incomes earned.

 

   Important points for the exam:

  • The ‘State of Inequality in India Report’ was released by the Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM).
  • It is the holistic analysis of the depth and nature of inequality in India, prepared by the ‘Institute for Competitiveness’.
  • With a focus on five key areas, the report is subdivided into two parts – Economic Facets and Socio-Economic Manifestation.
  • As per the report, 
    • Wealth concentration - 44.4% in urban areas and 7.1% in rural areas.
    • The unemployment rate - 4.8% (2019-20).
    • The worker population ratio - is 46.8%.
    • The total health centers in 2020 stand at 1,85,505 raised from 1,72,608 total health centers in 2005.
    • The Gross Enrolment Ratio has also increased between 2018-19 and 2019-20 at the primary, upper primary, secondary, and higher secondary.
    • The top 10% of the wealthiest person earns approximately equal to the bottom 64% of the population. The top 10 account for one-third of the incomes earned.
    • The share of self-employed workers also happens to be the highest in the lowest income categories. 

   Facts to know:

  • Chairman of the Economic Advisory Council to the Prime Minister: Dr.Bibek Debroy.
  • The selected five key areas of the report are income distribution, labor market dynamics, health, education, and household characteristics.
preparing for jeet

Preparing for Govt. Exams?

Here is you path to Jeet

View courses