Question

Poor India makes millionaires at fastest pace​India, with the​ world's largest population of poor​ people, also paradoxically created millionaires at the fastest pace in the world. Millionaires increased by 22.7 percent to​ 123,000. In​ contrast, the number of Indians living on less than a dollar a day is 350 million and those living on less than​ $2 a day is 700 million. In other​ words, there are​ 7,000 very poor Indians for every millionaire.​How is the personal distribution of income in India​ changing?If the number of millionaires in India is growing​ quickly, then the​ _______.

Answer 1

Answer: the distribution of income in India is becoming more unequal.

Explanation: Distribution of income can be defined as the dissemination of income to several different sections of the society.

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In the given case of India, it is clearly evident that the income distribution there is not equal as there are few people who are getting the major portion of the income and the remaining number of population is left with a small portion.