Business Standard

What's holding Indians back? Parents' income and education levels

The income of Indians is more dependent on their parents' income and educational levels, restricting their chances of rising above the socio-economic strata they are born in, says World Bank report

Representative image. Photo: Reuters
Premium

Children transport drinking water near Darai village in the Bundelkhand region. Photo: Reuters

Shreya Khaitan | IndiaSpend
Indians are more constrained by the circumstances they are born into than the citizens of five other large developing countries–Brazil, China, Egypt, Indonesia and Nigeria–a World Bank report released in May 2018 said. The income of Indians is more dependent on their parents’ income and educational levels, restricting their chances of rising above the socio-economic strata they are born in.
The report, “Fair Progress: Economic Mobility across Generations Around the World”, measured intergenerational mobility by comparing the income and education levels of one generation with those of their parents, and relative mobility

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in