New Delhi: India’s income inequality remained higher in 2023 than it was in the 1950s, a working paper by the People Research on India’s Consumer Economy (PRICE) revealed on Sunday, January 5, underlining the need for accurate measurement of income distribution for shaping effective policies aimed at inclusive growth and socio-economic equity.

Drawing on findings from Indian household income surveys by institutions such as National Council of Applied Economic Research and PRICE, the findings state that the Gini coefficient – a statistical measure used for determining income inequality among individuals or households – stood at 0.371 in 1953-55 and grew to 0.410 in 2022-23.

The wealthiest segments of the society have continued to accumulate a disproportionate share of national income, while the rural and marginalised population struggle with........

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