PM Modi, Donald Trump and Xi Jinping
India’s status is increasing in global economy. After China, now India is also being considered as the engine of Global Economy. There is also a reason for that. Now all the big companies of the world are coming in India. Where goods are being sent to the rest of the world by manufacturing. Due to which job prospects are also increasing in India and the earnings of people here are also increasing. Recently a report has come in which it has been said that in income equality, India has now overtaken the legendary countries like America, China, G7 and G20. The special thing is that India has become the fourth largest country in the world in this matter. Let us also tell you who has released this report and where has India been kept in this matter.
World Bank report
According to the report released by the World Bank, India has been considered one of the most similar countries at the global level in terms of income. With the Guinea Index of 25.5, India now ranks fourth in the world in terms of income equality, which lags behind the Slovak Republic, Slovenia and Belarus. The guinea index calculates how income is distributed in a country. The score of 0 means complete equality, while 100 means maximum inequality.
India left the legendary countries behind
The special thing is that in this index, the legendary countries of the world have been left behind. Which includes countries like China and America. According to the report, India’s new score is ahead of developed countries like China (35.7) and United States (41.8) as well as all G7 and G20 countries. In 2011, India’s Guinea Index was 28.8, which has been showing continuous improvement over the years. This means that India’s record in this matter seems to be much better in this matter.
What is the reason for the success of India’s equality?
The Ministry of Social Welfare said in a statement that this report shows how the development of India is being shared more fairly among its people. The government has focused on reducing poverty, increasing financial reach and giving direct welfare assistance to the needy. According to the World Bank’s Spring 2025 Potter and Equity Brief, 171 million Indians have come out of extreme poverty from 2011 to 2023. US $ 2.15 per day has come down from 16.2 per cent to just 2.3% on the basis of a daily global poverty line.
These schemes helped a lot
- Pradhan Mantri Jan Dhan Yojana: More than 55 crore bank accounts were opened to promote financial inclusion.
- Base: India’s digital ID now covers 142 crore people, which helps directly help through direct benefit transfer, saving Rs 3.48 lakh crore by March 2023.
- Ayushman Bharat: Free health coverage of Rs 5 lakh for families; More than 41 crore health cards were issued.
- Stand-up India: SC/ST and women provide loans and assistance to entrepreneurs.
- Pradhan Mantri Vishwakarma Yojana: Provides assistance to artisans through training and loan.
- PMGKAYY (Mouten Food Scheme): Provides food security to more than 80 crore citizens.