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Inequality gap in India to narrow down post COVID-19: SBI report

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MUMBAI : Post COVID-19 pandemic, the inequality gap in the country will narrow down, as income of rich states is likely to decline more than the poor states, according to an SBI research report- Ecowrap.At all India level, per capita income (PCI), which is a measure of the earnings per person in a nation or geographic region, will decline by 5.4% in FY21 to ₹1.43 lakh, the report said.“We expect that the inequality gap in India will narrow down post-COVID pandemic as decline in income of rich states will be much greater than the decline in income of poor states," the SBI's research report said.A similar type of experience of decline in inequality was witnessed in Germany after the collapse of the Berlin war (1989), it said.The report said.

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