small discussion on Gini coefficient and GDP...hope this will help you guys.

1. GINI COEFFICIENT AND GDP
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2. INDIA
 The country is classified as a newly industrialized country, one of the G-20 major
economies, a member of BRICS and a developing economy with approximately 7%
average growth rate for the last two decades
 Gini coefficient of 33.9-esimated by world bank will experience increase in GDP . In
India inequality exist despite fast growing economics .
 India lags in tackling inequality due to certain reasons :
 Education-High on access, low on quality: While education is considered to be the
primary driver of growth and increase in incomes, equity in access to all social groups
remains a tough goal for developing countries such as India. In the lower middle
income group, India scored 3.35 points on a scale of 1-7 with one being the worst and
seven indicating the best performers.
 Income inequality:. Among its peers, India had a relatively high rate of inequality
according to the Gini coefficient which was 51.9% pre-transfers which slightly came
down to 51.4% post-transfers
.

3. USA
 The United States is the world's largest national economy, representing 22%
of nominal global GDP and 17% of global GDP (PPP). The United States' GDP
was estimated to be $17.914 trillion as of Q2 2015. The U.S. dollar is
the currency most used in international transactions and is the world's
foremost reserve currency. The US has abundant natural resources, a well-
developed infrastructure, and high productivity.
 The U.S. — with $63.5 trillion in total private wealth — holds the largest
amount of any country in the world. But that wealth is unevenly distributed, and
nowhere is that more evident than in the U.S., which also has the largest
wealth inequality gap.
 It found that the U.S. has the fourth highest income Gini coefficient — 0.40 —
after Turkey, Mexico, and Chile; America’s child poverty levels are worse than
in any developed country anywhere, including Greece, devastated by a euro
crisis, and eastern European nations such as Poland, Lithuania and Estonia.
Median adult wealth in the US ($39,000) is 27th globally, putting it behind
Cyprus, Taiwan, and Ireland; in the US, the richest 1% of the population
controls about 40% of the country's wealth.

4. SINGAPORE
 Singapore Has The Highest Income Inequality Compared to the Economically-
Developed OECD Countries. According to the current way, “Singapore’s Gini coefficient
of 0.478 last year, before accounting for Government transfers and taxes, is on a per-
household-member basis.” According to the “modified OECD scale” Singapore’s Gini
coefficient is “0.435 if the square root scale is used” and would be 0.414 after
Government transfers and taxes.
 According to the ‘An Overview of Growing Income Inequalities in OECD
Countries: Main Findings’ report, “policy choices, regulations, and institutions can have
a crucial impact (on income inequality). They can shape how globalisation and
technological changes affect the distribution of income.
 According to the report, “Public cash transfers, as well as income taxes and social
security contributions, played a major role in all OECD countries in reducing market-
income inequality. Together, they were estimated to reduce inequality among the
working-age population (measured by the Gini coefficient) by an average of about one-
quarter across OECD countries. This redistributive effect was larger in the Nordic
countries, Belgium and Germany, but well below average in Chile, Iceland, Korea,
Switzerland and the United States.

5. DENMARK
 Countries with low Gini coefficient will experience GDP increases, since as the gap
between the rich and poor increases, less growth in economy is likely to occur.
Denmark Gini coefficient is 29.1 estimated by World Bank will experienced huge
growth in GDP.
 Inequality is less of a problem in Denmark than other wealthy countries according to
an OECD study that shows that income inequality has reached historical highs. While
Denmark is certainly not immune to rising income inequality – the gap between the
nation’s rich and poor is growing at a faster rate than all but just two European
nations – the country has the lowest rate of inequality in a newly-released
Organization for Economic Co-operation and Development (OECD) study.
 As is the case across the OECD, the gap between Denmark’s rich and poor is
increasing. Since 2002, the income of the wealthiest Danes has increased by nearly
30 percent while the poorest Danes have ten percent less wealth than they did 12
years ago.

6. MEXICO
 Today, Mexico has a GDP of US $1.178 trillion and ranks as the 14th largest economy in the
world (World Bank 2014). Its GDP per capita of US$9,750 puts it just beneath the world
average (US$10,300). However, more than thirty years down the road since the launch of the
neoliberal reforms and notwithstanding its extraordinary boom in exports of manufactures,
Mexico’s economic growth -an annual average of 2.4%- has been disappointing
 illustrates the evolution of income inequality in Mexico, in terms of the Gini coefficient. It
shows that, with some fluctuations, there have been three phases. The first one goes from the
late 1960s to the mid 1980s, with income becoming more evenly distributed. The Gini ratio
fell from nearly from 0.59 to 0.50.
 The second one covers from then until the early 2000s, with income becoming more
concentrated. Thereafter, there is an overall improvement until 2010; later deteriorating. All in
all there has been a, in our view insufficient, reduction in income inequality. Indeed, by 2012
the overall picture depicts an economy where income is highly concentrated. If the
calculations had been carried out focusing on the top 1%, this conclusion would be even more
evident.