Consider these. A comparison of disparity in income during AY15 and AY24 shows that there is a clear rightward shift in the income distribution curve signifying people in lower income brackets are increasing their income to converge towards their share in population.
The study shows that there has been a cumulative 74.2 per cent decline in income disparity coverage for those earning up to Rs 5 lakhs. This, in turn, shows the continuous efforts of the Centre are reaching the bottom of the pyramid that is leading to an increase in the income of 'lower income group' people.
Granular analysis of a recent study by the SBI Economic Research wing indicates the shifting of the middle class in India from an income range of Rs 1.5-5.0 lakh in AY14 to Rs 2.5-10.0 lakh in AY24. Even the quantum of 'crorepati' taxpayers rose 5x to nearly 2.2 lakh in AY24 (against 0.4 lakh in AY14).
هذه القصة مأخوذة من طبعة November 01, 2024 من The Statesman.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 01, 2024 من The Statesman.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Perth Test: Bumrah spearheads Indian fightback as bowlers dominate Day 1
India's pace maestro produces magical spell of fast bowling as 17 wickets fall on bouncy WACA pitch
Face bouncers like taking bullet for India: Nitish reveals Gambhir's words
Nitish Kumar Reddy was primarily preferred over the seasoned spinning duo of Ravichandran Ashwin and Ravindra Jadeja for the opening Test against Australia to ease off the pressure from the frontline quicks in Perth but the seam-bowling all-rounder marked an impressive debut with the willow, top-scoring for the team with 41 runs that eventually propelled India to 150 against a quality pace attack at the Optus Stadium in Perth on Friday.
Will wait and see what happens: Buttler on IPL auction
England captain Jos Buttler shared his thoughts on the upcoming Indian Premier League (IPL) mega auction and the atmosphere at the Abu Dhabi T10 tournament.
Cricket binds India, Caribbean like no other medium: PM Modi
Prime Minister Narendra Modi emphasised the role of cricket that serves as a unique bond connecting India with the Caribbean during his interaction with several cricket personalities from the West Indies.
Rankireddy-Shetty in men's doubles semis at China Masters
The top Indian men's doubles pair of Satwiksairaj Rankireddy and Chirag Shetty stormed into the semifinals of the China Masters 2024 with an upset victory over second-seeds Kim Astrup and Anders Skaarup Rasmussen of Denmark here on Friday.
Junior Asia Cup hockey: Indians eye title defence ahead of 2025 World Cup at home
India aim for successful title defence with Men's Junior Asia Cup 2024 starting in Muscat, Oman next week
Guardiola extends contract with Man City, to stay till 2027
Pep Guardiola has reaffirmed his commitment to Manchester City, signing a two-year contract extension that will keep him at the club until 2027.
ISL 2024-25: Upbeat Punjab FC face tough challenge against NorthEast United FC, aim to maintain perfect home record
Punjab FC will look to maintain their perfect home record as they will host NorthEast United FC tomorrow here at the Jawaharlal Nehru Stadium as the Indian Super League resumes after the international break.
Gritty India lose to formidable Qatar at FIBA Asia Cup 2025
India put up a brave fight before going down by a 53-69 margin to formidable Qatar in a Group E match at the FIBA Asia Cup 2025 Qualifiers at the Nehru Indoor Stadium here on Friday.
ISL: Mohun Bagan Super Giant take on Jamshedpur FC with eye on top spot
Defending champions Mohun Bagan Super Giant will aim to join leaders Bengaluru FC at the top of the points table when they lock horns with Jamshedpur FC at the iconic Salt Lake Stadium in Kolkata in an Indian Super League (ISL) clash on Saturday.
