India has been ranked 123 out of 161 countries, for reducing inequality. Even though India has moved up 6 places in inequality rate from the earlier report, it still continues to be one of the lowest-ranking nations in matters of health spreading, says the latest Commitment to the reducing inequality Index (CRII).
The CRII report of 2022 was collected on the basis of the government policies and actions of various nations in 161 nations. All 161 countries were observed on how they fought inequality during the COVID-19 pandemic period of 2 years.
In the CRII list, Norway tops the list followed by Germany and Australia in the 2nd and 3rd position respectively. In the year 2020, India had the 129th position. Currently, in the year 2022, India has improved its position by upgrading itself to 6 positions up.
India 2022 stands at the 123rd position unlike the year 2020. India has moved up 12 places for reducing inequality through progressive spending and earning from its last report.
Apart from this, according to sources, India has fallen by 73 places because there is no minimum national wage for the people. India ranks 16 for progressive taxation. In many sectors such as inequality indication and reducing inequality indicator, India has moved up 27 places and 33 places respectively.
What is Inequality Index all about?
This Index is prepared by Oxfam International and Development Finance International (FDI). According to FDI, all these 3 factors play a major role in reducing inequality. These 3 factors include health, education, and social protection.
Though there is a positive change in matters of India gaining the 129th position in the inequality index, India still lacks behind in Health, Education, Social Security, etc. In the health sector, India is one of the lowest-ranked nations on the list. This itself is a matter of high concern.
In the year 2019-2021, India even made small cuts in health spacing. Though there are health crises, more than half and lower-middle-class people tend to spend more than their budget due to medical expenses.
Conclusion
According to sources, approximately 77% of the share of social protection goes to education. More than 2/3rd of the public fail to gain their minimum wages, especially during the pandemic. There are all 12 nations without a minimum wage and India is one of those 12 nations.
The report shows how the Indian government has failed to take the necessary steps. The steps are required to create an explosion by the COVID-19 pandemic. The report also shows the billionaire and how big corporations hook up the record number in profits.
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