Gini Coefficient

Share with Your Friends

Gini Coefficient

Recently, the Economic Research Department of State Bank of India (SBI) has released its research report named ‘Ecowrap’.

It analyzes the impact of rice and wheat procurement shares on the Gini coefficient for 20 and 9 states, respectively.

  • The Gini coefficient is a statistical measure of the difference in income or wealth between the rich and the poor of a country.
  • Its value ranges from 0 (or 0%) to 1 (or 100%). In this, 0 represents perfect equality and 1 represents perfect inequality.
  • A value greater than 1 is theoretically possible due to negative income or wealth.
  • If there is a general increase in the Gini coefficient, it means that government policies are not inclusive.
  • Also, these policies may benefit the rich more than the poor.
  • A Gini coefficient value below 0.40 is generally considered to be within tolerable limits.

Source – Business Standard

Download Our App

More Current Affairs

Was this article helpful?

Click to Join Our Current Affairs WhatsApp Group

Join Our Whatsapp Group For Daily, Weekly, Monthly Current Affairs Compilation & Daily Mains Answer Writing Test & Current Affairs MCQ

In Our Current Affairs WhatsApp Group you will get daily Mains Answer Writing Question PDF and Word File, Daily Current Affairs PDF and So Much More in Free So Join Now

Register For Latest Notification

Register Yourself For Latest Current Affairs

February 2023
« Jan    

Mains Answer Writing Practice

Recent Current Affairs (English)

Current Affairs (हिन्दी)

Subscribe Our Youtube Channel

Register now

Get Free Counselling Session with mentor

Download App

Get Youth Pathshala App For Free

Open chat
Youth Destination IAS . PCS
To get access
- NCERT Classes
- Current Affairs Magazine
- IAS Booklet
- Complete syllabus analysis
- Demo classes