CRI has been released by Oxfam and Development Finance International.
- CRI assessed the commitment of 164 countries and regions to fighting inequality.
- SDG 10 aims to reduce inequality.
- It assessed the performance on the basis of three parameters: Public Services Spending, Progressive taxation and Labour rights and wages.
Key Highlights of the Index
- Ranking:
- Top performers: Norway, Canada, and Australia
- Worst performers: South Sudan, Nigeria, etc.
- India’s rank: 127
- Other South Asian countries such as Nepal (115) and Sri Lanka (118) have performed better than India.
- Rising Inequality:
- Gap between the Global South and the Global North has suddenly grown more rapidly than at any time since World War II.
- Billions of people face the terrible hardship of high and rising food prices and hunger, while the number of billionaires has doubled in the last decade.
- Key Driving Factor: Conflict, debt crisis, and climate shocks, these are constraining spending in low- and lower middle-income countries.
- 84% of countries have reduced their spending on education, health and/or social protection.
Key Recommendations to Reduce Inequality
Measure taken to reduce inequality in India
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