In 2023 India surpassed China to become the world’s most populous country, and maintained its position as the world’s fifth largest economy in terms of GDP, trailing the US, China, Germany and Japan. India has
While the association between income inequality and environmental degradation has been researched extensively by various scholars, the impact of income inequality on the consumption of renewable energy, however, remains unanswered in the existing literature, the reason why the investigation of the same has...
In a stark contrast to the global economic landscape, India received a net Foreign Portfolio Investment (FPI) of $20.2 billion in 2023, the highest among emerging markets, bringing the total FPI to an impressive $723 billion. Notably, while Foreign Direct Investment (FDI) saw a decline of 16...
Income inequality and carbon dioxide emissions: The case of Chinese urban households Energy Economics, 34 (2012), pp. 1864-1872 View PDFView articleView in ScopusGoogle Scholar Grunewald et al., 2017 N. Grunewald, S. Klasen, I. Martínez-Zarzoso, C. Muris The trade-off between income inequa...
Income inequality inIndiaexacerbates these issues, with poorer communities often lacking access to basic sanitation facilities. This, in turn, leads to unregulated waste disposal and unsanitary living conditions. While Indian society upholds strong values of cleanliness in households, most public spacessuff...
“When you are not a democracy, there are ways that the state and the elite sort of manage the narrative around [income inequality],” says Mishra. “In a democracy, you have to deal with it; if policymakers in India cannot address it, reform momentum may slow.” If policymakers in ...
Inequality across income (regular earnings from a job, business, or other sources) and wealth (total value of assets owned less debts) groups, region, gender, and caste in India threatens to exclude large swaths of its population from socioeconomic development. Income and wealth inequality has ...
The country’s income inequality indexstandsvery high for India with a Gini index — a measure of income inequality — of 79 out of 163 countries. South Africa has thehighestGini coefficient of 63 in 2023, exhibiting high income inequality. Slovakia has thelowestGini coefficient at 23.2 as of...
3549 billion US$ in 2023 increasing 5.86% over the year 2022. As on July 2024, 602 banks actively using UPI. Total number of digital transactions during this period amounted to 15.08 billion, with a total value of US$ 25.27 billion (Rs. 2.1 trillion). Explore Insight into the Economy ...
Income Distribution: The growing middle class boosts demand for a wide range of products and services. However, income inequality means businesses must also consider the needs of lower-income segments. Cultural Diversity: India’s diverse cultures, languages, and traditions require businesses to tailor...