Furthermore, on the basis of data on income or consumption distribution (World Development Report 1998-99) for about 80 countries, and using both the ‘Gini’ coefficient and the share of the poorest 20 per cent as a measure of distribution, there are only 15 countries in the world, which have a better consumption/income distribution than India.
The foremost among these are the Basel III Standards and enhancements to the Basel II Norms by BCBS, The Dodd Frank Wall Street Reforms and Consumer Protection Act in USA, Capital Requirements Directive (CRD II) and a proposal for a Directive on Alternative Investment Fund Managers Directive (AIFMD) in the European Union, issue of Disclosure Principles for Public Offerings and Listings by IOSCO, and other such directives/ guidelines by G20, FSB, etc.