Lorenz Curve: Income Distribution in India (1955 vs. 2023)

Added on: Mar 17, 2025
User Prompt

Step 4: Add a Second Lorenz Curve (1955)
Use the 1955 Gini coefficient (0.371) to show historical comparison.

Plot a curve closer to the line of equality (less bowed).

Use different colors/styles (e.g., dashed line for 1955, solid for 2023).

Step 5: Shade the Gini Area
Shade the area between the Lorenz Curve and the line of equality. Label it “Area representing Gini Coefficient.”

Step 6: Add a Key/Legend
Label each curve: “India 2023 (Gini = 0.410)” and “India 1955 (Gini = 0.371