Income inequality
I ncome inequality , in economics , significant disparity in the distribution of income between individuals, groups, populations, social classes , or countries. Income inequality is a major dimension of social stratification and social class . It affects and is affected by many other forms of inequality, such as inequalities of wealth, political power, and social status . Income is a major determinant of quality of life , affecting the health and well-being of individuals and families, and varies by social factors such as sex, age, and race or ethnicity . inequality in India refers to the unequal distribution of wealth and income among its citizens. According to the CIA World Factbook , the Gini coefficient of India, which is a measure of income distribution inequality, was 35.2 in 2011, ranking 95th out of 157. Wealth distribution is also uneven, with one report estimating that 54% of the country's weal...