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).
Denne historien er fra November 01, 2024-utgaven av The Statesman.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 01, 2024-utgaven av The Statesman.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
BGT 2024-25: India coach Gambhir to miss tour game for personal reasons
Team India head coach Gautam Gambhir will miss his side's upcoming two-day tour game against the Prime Minister's XI in Canberra starting on 30 November due to personal reasons.
Rajasthan Royals will be a good environment for Vaibhav: Dravid
History was made on Day 2 of the IPL 2025 Auction as the 13-year-old Vaibhav Suryavanshi became the youngest player to get a contract in the league's history last Monday.
Australia to retain same team for pink ball Test in Adelaide, says coach McDonald
Andrew McDonald, Australia coach and selector, has backed Australia's present Test group to perform well in the Pink Ball Test, starting December 6 in Adelaide.
ICC convenes board meeting on Friday to end Champions Trophy 2025 impasse
With the BCCI refusing to allow Team India to visit Pakistan, the fate of the tournament hangs in the balance
Superb start for BGT series as Perth Test smashes attendance, viewership records
Fans turned out in record numbers at Perth Stadium for the highly anticipated Border-Gavaskar Trophy series opener, with the single highest attendance for a day of Test cricket in Perth recorded on days one and two.
Santosh Trophy: Uttarakhand, Delhi register emphatic Wins
Delhi defeated Chandigarh 6-0 in a one-sided contest in the first match of Group B qualifiers of the 78th National Football Championship for the Santosh Trophy at the Bibi Ratni Sports Stadium on Tuesday.
Golf: Tiger Woods ruled out of Hero World Challenge
Tiger Woods announced that he will not play in the Hero World Challenge this December as he continues to recover from back surgery.
India to begin Men's Junior Asia Cup campaign vs Thailand
Indian men's hockey team is less than a day away from their Junior Asia Cup 2024 campaign opener against Thailand.
ISL 2024-25: Bengaluru FC visit Mohammedan SC, eye return to top spot
Bengaluru FC will aim to return to the top of the points table when they take on struggling Mohammedan SC at the Kishore Bharati Krirangan in Kolkata on Wednesday.
Impressive West Ham secure 2-0 win against Newcastle United
Tomas Soucek and Aaron Wan-Bissaka scored as West Ham United secured an impressive 2-0 win over Newcastle United in the Premier League to ease the pressure on boss Julen Lopetegui.
