What is the Gini Coefficient?

The Gini coefficient is used to measure income inequality across a population. It was developed by Corrado Gini, an Italian statistician, in 1912. It is measured on a scale of 0 to 1. Perfect inequality is represented by 1 and perfect equality is represented by 0. You can read about the Gini Coefficient – Definition, Calculation and India’s Rankings in the given link.

A higher Gini index indicates that the income inequality is higher, indicating that higher percentage of the total income of the population is in the hands of the individuals with very high-income.

Further readings:

  1. Lorenz Curve: Definition, Explanation and Relevant Questions
  2. Income Inequality In India: Background, Factors and Conclusion

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