Income inequality: In India, a CEO earns 416 times more than his employee

The seriousness of India's commitment to end income disparity has been ranked 132nd out of 152 nations owing to low spending on health and education, a crumbling tax system and wide gaps in gender pay.

Prepared by Development Finance International and Oxfam, the first index to measure the commitment of governments to reducing the gap between the rich and the poor is based on three main indicators — government action on social spending, tax and labour rights — areas critical to reducing the gap.

The report, the result of the investigation for a year, says that while countries such as