Question
With reference to the World Bank’s findings on inequality in India (2022–23), consider the following statements: 1. India’s Gini Index score of 25.5 places it among the world’s most equal countries, ranking just behind Slovak Republic, Slovenia, and Belarus. 2. The Gini Index ranges from 0 (perfect equality) to 100 (perfect inequality), and India’s score is significantly lower than both China and the USA. 3. India has already entered the “low inequality” category, defined as countries with a Gini Index score below 25. Which of the statements given above is/are correct?
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