I live here and this seems to me to be a very unequal country. However, according to the gini coefficient(25.5) we have 'low inequality'.
So my question basically is that are there some caveats to using the Gini Index that I don't understand/know about? Am I supposed to take what it says with a grain of salt?
Or is my opinion of inequality in India just biased due to my surroundings in this country and it's actually not that bad?
How is India's Gini coefficient so low?
byu/Fantastic-Cock7856 inAskEconomics
Posted by Fantastic-Cock7856