How the pandemic is widening inequalities, pushing countries apart
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New Delhi, June 14 -- How you live your life almost always depends on where you live your life. The poorest of the poor in the US earn and consume more than the average (median) individual in India.
Roughly eight in ten Indians lie below the global median income level while all Americans lie above it, shows research by Branko Milanovic, one of the foremost experts on global inequality. Even if you are among the top 10 percent urban Indians in terms of income, you are still only at the 69th percentile globally. If you are among the top 10 percent rural Indians, you are just above the global median (50th percentile).
Milanovic's estimates do not take into account the impact of the pandemic. But it is evident that the pandemic has widened ...
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