<ul data-eligibleForWebStory="false"><li>The concept of income inequality and the Gini Coefficient has been under scrutiny, with the origin story of the Lorenz Curve and its relationship to measuring inequality highlighted.</li><li>The Lorenz Curve, named after Max O Lorenz, serves as the basis for the Gini Coefficient, which indicates the level of inequality in a society or country based on income distribution.</li><li>The data required for accurate measurements using the Lorenz Curve and Gini Coefficient needs to be complete and reliable, posing challenges in countries like India with less reliable data compared to places like Scandinavia.</li><li>The discussion surrounding income inequality gained traction over the years, with the World Bank collecting and analyzing data to calculate Gini coefficients, influencing policies and expenditures, although the effectiveness of such spending has come into question.</li></ul>

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