3 Indian & AP Economy and Planning · 3.1.3 Poverty and inequality

3.1.3.4 Inequality: Lorenz curve, Gini coefficient and poverty gap measures

The Lorenz curve draws the inequality, the Gini coefficient turns it into one number between 0 and 1, and India's inequality is measured in consumption because income data are poor.

  • APPSC Group 1
  • Advanced level
  • 5 min read
  • Full course

Key terms

  • Lorenz curve
  • Gini coefficient
  • Kuznets curve
  • FGT index
  • Palma ratio
  • wealth inequality
  • Piketty
  • World Inequality Database
  • wealth tax

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

Read the full note in the app. It is part of the APPSC Group 1 full course in Medha AI. Free in the app: the first chapter of each topic.

Read the full note in the app Indian & AP Economy and Planning questions with answers

All Poverty and inequality notes · APPSC Group 1 syllabus · APPSC G1 Paper I Mock 1 with answers · Start free

Medha AI writes its own notes and checks them against the sources listed. Medha AI is an independent preparation service. It is not affiliated with, endorsed by or connected to APPSC, TSPSC, MPSC, UPSC or any other commission or government body.